SCHEDULE 13G/A 0000921895-25-000109 0001949877 XXXXXXXX LIVE 2 Common Stock, par value $0.001 per share 06/30/2025 0001711754 Inmune Bio, Inc. 45782T105 225 NE MIZNER BLVD, SUITE 640 BOCA RATON FL 33432 Rule 13d-1(c) Praetorian PR LLC a PR 0.00 771200.00 0.00 771200.00 771200.00 N 2.9 IA OO Praetorian Capital Fund LLC a DE 0.00 771200.00 0.00 771200.00 771200.00 N 2.9 OO Praetorian Capital Management LLC a DE 0.00 771200.00 0.00 771200.00 771200.00 N 2.9 OO Mongolia (Barbados) Corp. a C8 0.00 150000.00 0.00 150000.00 150000.00 N 0.6 CO Mongolia Growth Group Ltd. a A0 0.00 150000.00 0.00 150000.00 150000.00 N 0.6 CO Kupperman Harris a X1 0.00 921200.00 0.00 921200.00 921200.00 N 3.4 HC IN Inmune Bio, Inc. 225 NE Mizner Boulevard, Suite 640, Boca Raton, FL 33432 This statement is filed by Praetorian Capital Fund LLC ("Praetorian Fund"), Praetorian PR LLC ("Praetorian PR"), Praetorian Capital Management LLC ("PCM"), Mongolia (Barbados) Corp. ("Mongolia"), Mongolia Growth Group Ltd. ("MGG") and Harris Kupperman. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Praetorian PR serves as the investment manager of Praetorian Fund and may be deemed to beneficially own the shares of common stock, par value $0.001 per share, of the Issuer (the "Shares") owned directly by Praetorian Fund. PCM serves as the manager of Praetorian Fund and may be deemed to beneficially own the Shares owned directly by Praetorian Fund. MGG is the controlling person and sole shareholder of Mongolia and may be deemed to beneficially own the Shares owned directly by Mongolia. Mr. Kupperman, as the managing member of each of Praetorian PR and PCM may be deemed to beneficially own the Shares owned directly by Praetorian Fund, and as the CEO and Executive Chairman of MGG may be deemed to beneficially own the Shares owned directly by Mongolia. The address of the principal office of each of Praetorian PR and Mr. Kupperman is Carr 429, Km 4.1, Bo. Barrero, Rincon, Puerto Rico 00677. The address of the principal office of each of Praetorian Fund and PCM is 3271 Riviera Drive, Coral Gables, Florida 33134. The address of the principal office of each of Mongolia and MGG is 100 King Street West, Suite 5600, Toronto, Ontario, Canada, M5X 1C9. Each of Praetorian Fund and PCM are organized under the laws of Delaware. Praetorian PR is organized under the laws of Puerto Rico. Mongolia is organized under the laws of Barbados. MGG is organized under the laws of Alberta, Canada. Mr. Kupperman is a citizen of the United States of America. Y As of the close of business on June 30, 2025: (i) Praetorian Fund directly beneficially owned 771,200 Shares, consisting of 180,800 Shares issuable upon the exercise of certain warrants exercisable within 60 days of June 30, 2025 (the "Warrants") and 590,400 Shares underlying certain call options exercisable within 60 days of June 30, 2025; (ii) Praetorian PR, as the investment manager of Praetorian Fund, may be deemed the beneficial owner of the 771,200 Shares directly beneficially owned by Praetorian Fund; (iii) PCM, as the manager of Praetorian Fund, may be deemed the beneficial owner of the 771,200 Shares directly beneficially owned by Praetorian Fund; (iv) Mongolia directly beneficially owned 150,000 Shares, consisting of 150,000 Shares underlying certain call options exercisable within 60 days of June 30, 2025; (v) MGG, as the controlling person and sole shareholder of Mongolia, may be deemed the beneficial owner of the 150,000 Shares directly beneficially owned by Mongolia; and (vi) Mr. Kupperman, as the managing member of each of Praetorian PR and PCM and the CEO and Executive Chairman of MGG, may be deemed the beneficial owner of the 771,200 Shares directly beneficially owned by Praetorian Fund and the 150,000 Shares directly beneficially owned by Mongolia. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that such Reporting Person does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. The following percentages are based on 26,585,258 Shares outstanding as of June 30, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Prospectus Supplement on Form 424B5 filed with the Securities and Exchange Commission on June 30, 2025, plus the Shares underlying the Warrants that may be exercised by the Reporting Persons, as applicable. As of the close of business on June 30, 2025, (i) Praetorian Fund beneficially owned approximately 2.9% of the outstanding Shares, (ii) each of Praetorian PR and PCM may be deemed to beneficially own approximately 2.9% of the outstanding Shares, (iii) Mongolia beneficially owned approximately 0.6% of the outstanding Shares, (iv) MGG may be deemed to beneficially own approximately 0.6% of the outstanding Shares and (v) Mr. Kupperman may be deemed to beneficially own approximately 3.4% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. N Y Y Y N See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on January 15, 2025. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Praetorian PR LLC /s/ Harris Kupperman 08/14/2025 Praetorian Capital Fund LLC /s/ Harris Kupperman 08/14/2025 Praetorian Capital Management LLC /s/ Harris Kupperman 08/14/2025 Mongolia (Barbados) Corp. /s/ Genevieve Walkden Jackson 08/14/2025 Mongolia Growth Group Ltd. /s/ Harris Kupperman 08/14/2025 Kupperman Harris /s/ Harris Kupperman 08/14/2025