Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 276

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 276
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 upon separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least two units, you will not be able to receive or trade a whole warrant. In no event will the Class A ordinary shares and warrants be traded separately until we have filed with the SEC a Current Report on Form 8 -Kwhich includes an audited balance sheet reflecting our receipt of the gross proceeds of this offering. We will file a Current Report on Form 8 -Kwhich includes this audited balance sheet upon the completion of this offering. If the over -allotmentoption is exercised following the initial filing of such Current Report on Form 8 -K, a second or amended Current Report on Form 8 -Kwill be filed to provide updated information to reflect the exercise of the over -allotmentoption. Ordinary shares Prior to the date of this prospectus, there were 7,255,952 Class B ordinary shares outstanding, all of which were held of record by our initial shareholders, so that our initial shareholders will own 26.5% of our issued and outstanding shares after this offering (assuming our initial shareholders do not purchase any units in this offering). Up to 946,428 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. Upon the closing of this offering, 23,809,524 of our ordinary shares will be outstanding (assuming no exercise of the underwriters’ over -allotmentoption and the corresponding surrender for no consideration of 946,428 founder shares) comprising: ➤17,500,000 Class A ordinary shares underlying units issued as part of this offering; and ➤6,309,524 Class B ordinary shares held by our initial shareholders.

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| Description of securities |

If we increase or decrease the size of this offering, we will effect a share capitalization or share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of the offering in such amount as to maintain the ownership of founder shares by our initial shareholders at 26.5% of our issued and outstanding ordinary shares upon the consummation of this offering. Ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders. However, only holders of Class B ordinary shares will have the right to (i) appoint or remove directors prior to or in connection with the completion of our