Praetorian Acquisition Corp. Units (PTORU)
Praetorian Acquisition Corp. Units operates in the Shell Companies industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $10.14, up 0.40% on the session, giving a market capitalisation of $223.1M. Its beta of 0.06 implies it has historically moved less than the broad market.
Praetorian Acquisition Corp. functions as a special purpose acquisition company (SPAC), created with the primary objective of completing a business combination, such as a merger, asset acquisition, share purchase, or reorganization, with one or more existing operating enterprises. Each of the company's units typically comprises one Class A ordinary share and a partial redeemable warrant, the specific details of which are outlined in its official offering documents.