Company: PAII-WT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110840
Chunk: 72

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 72
---
 The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:       July 18, 2025   Market price of public stock  $9.81    Term (years)   6.50    Risk-free rate   3.77%   Dividend yield   0.00%   Volatility   9.11%   Probability of merger   25.00%   

NOTE 9—SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date through November 12, 2025, the date that the unaudited condensed financial statements were available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements. 19  

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

References in this Quarterly Report to “PAII,” “our,”
“us,” “the Company” or “we” refer to Pyrophyte Acquisition Corp. II. References to our “management”
or our “management team” refer to our officers and directors, and references to the “sponsor” refer to Pyrophyte
Acquisition II LLC. The following discussion and analysis of the Company’s financial condition and results of operations should
be read in conjunction with the unaudited condensed financial statements and the notes thereto contained elsewhere in this Quarterly Report.
Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and
uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many
factors.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about
future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may
cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify