Company: PAII-WT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110840
Chunk: 17

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 17
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 to Redeemable Class A Ordinary Shares          Net income allocable to Redeemable Class A Ordinary Shares  $1,003,582   $789,778                 Denominator: Weighted Average Share Outstanding, Redeemable Class A Ordinary Shares            Basic and diluted weighted average shares outstanding, Redeemable Class A   16,172,167    9,724,440    Basic and diluted net income per share, Class A ordinary shares subject to possible redemption  $0.06   $0.08                 Non-Redeemable Class B Ordinary Shares            Numerator: Net income allocable to non-redeemable Class B Ordinary Shares            Net income allocable to non-redeemable Class B Ordinary Shares  $434,187   $545,991                 Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares   6,996,672    6,722,711    Basic and diluted net income per share, Class B non-redeemable ordinary shares  $0.06   $0.08    11  Concentration of Credit Risk  Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which at times may exceed the Federal Deposit Insurance Corporation coverage of $250,000. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.  Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to