Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 172

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 172
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           |     726 |   |     | $           |         631 |   |
| Additional paid-in capital                                                                                                                                                   |     | $           |  24,274 |   |     | $           |           — |   |
| Accumulated deficit                                                                                                                                                          |     | $           | (17,500 | ) |     | $           |  (6,529,306 | ) |
| Total shareholders’ equity (deficit)                                                                                                                                         |     | $           |   7,500 |   |     | $           |  (6,528,675 | ) |
| Total capitalization(2)                                                                                                                                                      |     | $           |  82,500 |   |     | $           | 176,507,500 |   |

____________ (1)Our sponsor may loan us up to $300,000 under an unsecured promissory note to be used for a portion of the expenses of this offering. The “as adjusted” information gives effect to the repayment of any loans received from our sponsor out of the proceeds from this offering and the sale of the private placement warrants. As of May 5, 2025, we had borrowed $75,000 under the promissory note with our sponsor. (2)In connection with the completion of our initial business combination, we will provide our public shareholders with the opportunity to redeem their public shares, regardless of whether they abstain, vote for, or vote against our initial business combination, for cash at a per share price equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust account (net of taxes paid or payable), divided by the number of then issued and outstanding public shares, subject to any limitations (including, but not limited to, cash requirements) created by the terms of the proposed business combination.

| 120 |

Management’s discussion and analysis of financial condition and results of operations Overview We are a special purpose acquisition company incorporated on May 1, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions