---
title: "Praetorian Acquisition 10-K: $0 Revenue, $(0.01) EPS and $(49,204) Net Loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280843896.md"
description: "Praetorian Acquisition reported no revenues and a net loss of $49,204 for the period, resulting in a net loss per Class B ordinary share of $(0.01). The company has not commenced operations and anticipates no revenues until after a business combination. It has $253 million in trust to support future operations. The company is a blank-check entity formed to identify and complete business combinations, with ongoing costs and an administrative support agreement in place."
datetime: "2026-03-27T20:35:01.000Z"
locales:
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  - [en](https://longbridge.com/en/news/280843896.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280843896.md)
---

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# Praetorian Acquisition 10-K: $0 Revenue, $(0.01) EPS and $(49,204) Net Loss

Praetorian Acquisition reported no revenues for the period and a net loss of $49,204, resulting in basic and diluted net loss per Class B ordinary share of $(0.01). The company has not commenced operations and expects no operating revenues until after a business combination. Cash of $253 million has been placed in trust to support a future business combination and post‑combination operations.

**Financial Highlights**

-   **Revenue:** $0 — The company has not generated any revenues to date.
-   **Gross Profit:** $0 — No operations or sales occurred during the period.
-   **Operating Income:** $(49,204) — Loss from operations attributable to general and administrative costs.
-   **Net Income:** $(49,204) — Net loss for the period from September 29, 2025 through December 31, 2025.
-   **Net Income Per Share:** $(0.01) — Basic and diluted net loss per Class B ordinary share.

**Business Highlights**

-   **Business Purpose:** Formed as a Cayman Islands blank‑check company to identify and complete one or more business combinations.
-   **Operational Activity:** No operating revenues to date; corporate activities have been limited to formation, IPO preparation and target identification.
-   **Capital Deployment Strategy:** $253 million placed in trust to be used primarily to fund a business combination and support post‑combination operations.
-   **Operational Support:** Ongoing public‑company costs and due diligence expenses, and an administrative support agreement with the sponsor at $25,000 per month.

Original SEC Filing: Praetorian Acquisition Corp. \[ PTOR \] - 10-K - Mar. 27, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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