Company: PAII-WT
Filing Date: 2025-05-29
Form Type: DRS
Source: 0001213900-25-049013
Chunk: 25

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-05-29
Form: DRS
Chunk 25
---
 the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline”, and “—Risks Relating to our Securities—Our initial shareholders paid an aggregate of $25,000, or approximately $0.003 per founder share and, accordingly, you will experience immediate and substantial dilution from the purchase of our Class A ordinary shares”.

| 9 |

| Entity/Individual                                                                 | Amount of Compensation to be                                                                                                                   
 Received or Securities                                                                                                                         
 Issued or to be Issued                                                                                                                         | Consideration Paid or to be Paid                                                                                                                                                                               |
| Pyrophyte Acquisition II LLC, officers, directors, or their respective affiliates | Reimbursement for any out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial business combination | Expenses incurred in connection with identifying, investigating, negotiating and completing an initial business combination                                                                                    |
| Pyrophyte Acquisition II LLC, officers, directors, or their respective affiliates | Payment of consulting, success or finder’s fees in connection with completing an initial business combination                                  | Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account |

We may raise additional funds through issuance of ordinary shares and/or convertible equity in connection with an initial business combination, and as a result our public shareholders may suffer significant dilution or have other adverse impacts. See the sections titled “— The Offering—Additional Financing” and “Risk Factors—Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination—We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the founder shares at a ratio greater than one -to-one at the time of our initial business combination as a result of the anti -dilution provisions contained therein. Any such issuances would dilute the interest of our shareholders and likely present other risks.” This dilution would increase to the extent that the anti -dilutionprovision of the founder shares result in the issuance of Class A ordinary shares on a greater