Company: PAII-WT
Filing Date: 2025-07-21
Form Type: 8-K
Source: 0001213900-25-066199
Chunk: 3

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-07-21
Form: 8-K
Item: Item 8.01
Chunk 3
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Item 8.01. Other Events.

A
total of $175,000,000 of the net proceeds from the IPO (which amount includes $7,875,000 of the underwriters’ deferred commission)
and the sale of the Private Placement Warrants, was placed in a U. S.-based trust account maintained by Continental, acting as trustee.
Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes (which
shall exclude any 1% U. S. federal excise tax on stock repurchases under the Inflation Reduction Act of 2022 that is imposed on us, if
any) and up to $100,000 of interest to pay liquidation expenses, the funds held in the trust account will not be released from the trust
account until the earliest of (i) the completion of the Company’s initial business combination or an earlier redemption in connection
with the commencement of the consummation of the initial business combination if the Company determines it is desirable to facilitate
the completion of the initial business combination, (ii) the redemption of the Class A Ordinary Shares included in the Units sold in the
IPO (the “ public shares”) if the Company is unable to complete its initial business combination within 24 months from
the closing of the IPO, subject to applicable law or (iii) the redemption of any of the public shares properly submitted in connection
with a shareholder vote to amend the Company’s Amended Articles (A) to modify the substance or timing of the Company’s obligation
to allow redemption in connection with its initial business combination or to redeem 100% of its public shares if it has not consummated
an initial business combination within 24 months from the closing of the IPO or (B) with respect to any other material provisions relating
to shareholders’ rights or pre-initial business combination activity.

On July 16, 2025, the Company
issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On July 18, 2025, the Company
issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.