Steadfast Capital Management LP and related investors filed a Schedule 13G reporting a significant passive stake in Praetorian Acquisition Corp. As of January 26, 2026, the reporting group beneficially owned 2,000,000 Class A ordinary shares, equal to 9.1% of Praetorian’s 22,000,000 shares outstanding.
The holdings are split between American Steadfast, L.P., which owns 716,016 shares (3.3%), and Steadfast International Master Fund Ltd., which owns 1,283,984 shares (5.8%). Steadfast Capital Management LP and its controlling principal, Robert S. Pitts, Jr., may be deemed to share voting and dispositive power over the full 2,000,000-share position.
The filing states the securities were not acquired and are not held for the purpose of changing or influencing control of Praetorian Acquisition Corp., indicating a passive investment intent consistent with a Schedule 13G filing.
Millennium Management LLC and related parties report a significant stake in Praetorian Acquisition Corp. They disclose beneficial ownership of 1,320,000 Class A ordinary shares, representing 6.0% of the outstanding class.
The shares are reported with shared voting and shared dispositive power, and no sole power. Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander certify that the securities were not acquired to change or influence control of Praetorian Acquisition Corp., but as a passive investment under Schedule 13G.
Praetorian Acquisition Corp. completed its initial public offering of 22,000,000 units at $10.00 per unit, generating gross proceeds of $220,000,000. Each unit contains one Class A ordinary share and one-third of a redeemable warrant exercisable for one Class A share at $11.50.
At the IPO closing, the sponsor purchased 4,670,000 private placement warrants for $4,670,000. A total of $220,000,000, including a portion earmarked for deferred underwriting commissions, was deposited into a U.S. trust account to fund a future business combination, with $2,465,198 of cash available outside the trust.
The audited balance sheet as of January 26, 2026 shows total assets of $222,724,198, Class A ordinary shares subject to possible redemption of $220,000,000, total liabilities of $6,903,400 and a shareholders’ deficit of $4,179,202, reflecting the standard SPAC structure where most IPO proceeds are redeemable by public shareholders.
Blackstone-affiliated entities filed a Schedule 13G exit report for Praetorian Acquisition Corp., stating they no longer beneficially own any Class A ordinary shares. The filing explains that they previously held 1,900,000 units, each consisting of one Class A share and one-third of one redeemable warrant, representing approximately 6.4% of the shares outstanding.
The units use CUSIP G7S17G111, while the Class A shares themselves have no CUSIP. The reporting group includes several Blackstone entities and Stephen A. Schwarzman, who collectively disclaim beneficial ownership beyond what is specifically reported.