Patriot Acquisition reports 4.375M convertible Class B shares

Rhea-AI Filing Summary

Patriot Acquisition Corp. Schedule 13G disclosure: Patriot Acquisition Sponsor LLC and related entities report beneficial ownership of 4,375,000 Class B ordinary shares, which are convertible into Class A ordinary shares at the time of the issuer's initial business combination. The filing states the ownership represents 20.00% based on 21,875,000 Class A Ordinary Shares outstanding as of May 21, 2026, and notes 4,140,000 private placement warrants held by the Sponsor.

The filing attributes shared beneficial ownership across Patriot Acquisition Sponsor LLC, Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, and two individuals, with customary disclaimers of direct ownership. Warrant exercise timing and conversion mechanics are described relative to the completion of the initial business combination.

Insights

Corporate Governance Analyst

Stake and control structure clarified; conversion contingent on a business combination.

The filing documents that the Sponsor directly holds 4,375,000 Class B ordinary shares convertible into Class A shares at the issuer's initial business combination, producing a reported 20.00% ownership figure based on May 21, 2026.

Because conversion is conditioned on the initial business combination, the ultimate voting and economic impact depends on that event; subsequent filings will show conversion timing and any changes in outstanding share counts.

Securities Counsel

Disclosure describes holdings, warrants, and exercise/expiration mechanics.

The Sponsor also directly owns 4,140,000 private placement warrants exercisable beginning 30 days after the completion of the Issuer's initial business combination and expiring five years thereafter, per the filing.

Reported percentages and counts are explicitly tied to the May 21, 2026 outstanding share base; any changes to that base or to conversions will require updated filings under applicable rules.

Key Figures

Class B ordinary shares held: 4,375,000 shares Private placement warrants: 4,140,000 warrants Ownership percentage: 20.00% +1 more

4 metrics

Class B ordinary shares held 4,375,000 shares directly owned by Sponsor; convertible into Class A upon initial business combination

Private placement warrants 4,140,000 warrants exercisable 30 days after initial business combination; five-year term

Ownership percentage 20.00% based on 21,875,000 Class A shares outstanding as of <date>May 21, 2026</date>

Share base used 21,875,000 Class A shares outstanding as of <date>May 21, 2026</date>

Key Terms

Class B ordinary shares, private placement warrants, initial business combination

3 terms

Class B ordinary shares financial

"Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

private placement warrants financial

"Sponsor also directly owns 4,140,000 private placement warrants to purchase 4,140,000 Class A Ordinary Shares"

Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.

initial business combination regulatory

"become exercisable beginning 30 days after the completion of the Issuer's initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Patriot Acquisition Sponsor LLC report in PTACU?

Patriot Acquisition Sponsor LLC reports 4,375,000 Class B ordinary shares, convertible into Class A shares, representing 20.00% based on the disclosed outstanding base as of May 21, 2026.

How many warrants does the Sponsor hold according to the filing?

The filing states the Sponsor directly owns 4,140,000 private placement warrants, exercisable beginning 30 days after completion of the issuer's initial business combination and expiring five years thereafter.

On what share count is the 20.00% calculated for PTACU?

The 20.00% figure is calculated using 21,875,000 Class A Ordinary Shares outstanding as of May 21, 2026, as stated in the filing and assuming conversion of the reported Class B shares.

Who else is reported as sharing beneficial ownership in the filing?

The filing names Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, and individuals W. Kirk Wycoff and James F. Deutsch as entities/persons who may be deemed to share beneficial ownership under the disclosed relationships.

When do the Sponsor's warrants become exercisable?

Per the filing, the Sponsor's 4,140,000 private placement warrants become exercisable 30 days after completion of the issuer's initial business combination and expire five years after that completion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:40 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Patriot Acquisition Corp.

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001

(Title of Class of Securities)

G6951A106

(CUSIP Number)

05/18/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G6951A106

1

Names of Reporting Persons

Patriot Acquisition Sponsor LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,375,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,375,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,375,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.00 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.

SCHEDULE 13G

CUSIP Number(s): G6951A106

1

Names of Reporting Persons

Patriot Financial Advisors, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,375,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,375,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,375,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.00 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.

SCHEDULE 13G

CUSIP Number(s): G6951A106

1

Names of Reporting Persons

Patriot Financial Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,375,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,375,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,375,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.00 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.

SCHEDULE 13G

CUSIP Number(s): G6951A106

1

Names of Reporting Persons

W. Kirk Wycoff

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,375,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,375,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,375,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.00 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.

SCHEDULE 13G

CUSIP Number(s): G6951A106

1

Names of Reporting Persons

James F. Deutsch

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,375,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,375,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,375,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

20.00 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) See Item 4. Represents Class B ordinary shares, which will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, as more fully described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-294090). (2) Based on 21,875,000 ordinary shares issued and outstanding as of May 21, 2026 and assuming the conversion of all the Class B ordinary shares held by Patriot Acquisition Sponsor LLC.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Patriot Acquisition Corp.
(b)	Address of issuer's principal executive offices: Four Radnor Corporate Center 100 Matsonford Road, Suite 210 Radnor, Pennsylvania 19087
Item 2.
(a)	Name of person filing: Patriot Acquisition Sponsor LLC, Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, W. Kirk Wycoff and James F. Deutsch (the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: Four Radnor Corporate Center 100 Matsonford Road, Suite 210 Radnor, Pennsylvania 19087
(c)	Citizenship: Patriot Acquisition Sponsor LLC, a Delaware limited liability company Patriot Financial Advisors, L.P., a Delaware limited partnership Patriot Financial Advisors LLC, a Delaware limited liability company W. Kirk Wycoff, a citizen of the United States James F. Deutsch, a citizen of the United States
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001
(e)	CUSIP Number(s): G6951A106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Patriot Acquisition Sponsor LLC (the "Sponsor") directly owns 4,375,000 Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), of Patriot Acquisition Corp. (the "Issuer"), which are convertible into the Issuer's Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"). Such shares may be deemed to be beneficially owned by Patriot Financial Advisors LP ("Patriot LP"), which is the managing member of the Sponsor, Patriot Financial Advisors LLC, the general partner of Patriot LP ("Patriot LLC"), W. Kirk Wycoff and James F. Deutsch, who are the managing members of Patriot LLC. As a result of these relationships, each of the Sponsor, Patriot LP, Patriot LLC and Messrs. Wycoff and Deutsch may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each of the Sponsor, Patriot LP, Patriot LLC and Messrs. Wycoff and Deutsch disclaims beneficial ownership of such securities except to the extent of their direct ownership. In addition to the securities reported on the cover pages hereto, the Sponsor also directly owns 4,140,000 private placement warrants to purchase 4,140,000 Class A Ordinary Shares. The warrants become exercisable beginning 30 days after the completion of the Issuer's initial business combination and expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation. Percentage ownership is based on 21,875,000 Class A Ordinary Shares outstanding as of May 21, 2026 (inclusive of the partial exercise of the over-allotment option on May 21, 2026, as previously disclosed by the Issuer), and 4,375,000 Class B Ordinary Shares directly owned by the Sponsor, and assumes conversion of such Class B Ordinary Shares into Class A Ordinary Shares. See row 9 of the cover page of each Reporting Person.
(b)	Percent of class: See row 11 of the cover page of each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 of the cover page of each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See row 6 of the cover page of each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See row 7 of the cover page of each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See row 8 of the cover page of each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Patriot Acquisition Sponsor LLC

Signature:	/s/ W. Kirk Wycoff
Name/Title:	W. Kirk Wycoff, a member of Patriot Financial Advisors LLC, the general partner of Patriot Advisors, L.P., the managing member of Patriot Acquisition
Date:	06/11/2026

Patriot Financial Advisors, L.P.

Signature:	/s/ W. Kirk Wycoff
Name/Title:	W. Kirk Wycoff, a member of Patriot Financial Advisors, LLC, the general partner of Patriot Advisors, L.P.
Date:	06/11/2026

Patriot Financial Advisors LLC

Signature:	/s/ W. Kirk Wycoff
Name/Title:	W. Kirk Wycoff, a member of Patriot Financial Advisors LLC
Date:	06/11/2026

W. Kirk Wycoff

Signature:	/s/ W. Kirk Wycoff
Name/Title:	W. Kirk Wycoff
Date:	06/11/2026

James F. Deutsch

Signature:	/s/ James F. Deutsch
Name/Title:	James F. Deutsch
Date:	06/11/2026

Exhibit Information

Exhibit 99.1: Joint Filing Agreement, dated as of June 11, 2026, by and among Patriot Acquisition Sponsor LLC, Patriot Financial Partners, L.P., Patriot Financial Partners LLC, W. Kirk Wycoff and James F. Deutsch