Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 185

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 185
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Pyrophyte I”), a blank check company that raised $201.25 million in its initial public offering in October 2021. In April 2023, Pyrophyte I held an extraordinary general meeting of shareholders to extend the time by which it had to consummate its initial business combination from April 2023 to April 2024. In connection with the extraordinary general meeting, the holders of 11,151,163 Class A ordinary shares elected to redeem their shares for a pro -rataportion of Pyrophyte I’s trust account. On November 13, 2023, Pyrophyte I entered into a business combination agreement with, among other parties, Sio Silica Corporation (the “Sio Business Combination”). In April 2024, Pyrophyte held an extraordinary general meeting of shareholders to further extend the time by which it had to consummate its initial business combination from April 2024 to April 2025. In connection with that meeting, the holders of 2,683,126 Class A ordinary shares elected to redeem their shares for a pro -rataportion of Pyrophyte I’s trust account. In April 2025, Pyrophyte I held an extraordinary general meeting to further extend the time by which it has to consummate its initial business combination from April 2025 to April 2026. In connection with that shareholders’ meeting, holders of 4,776,757 Class A ordinary shares elected to redeem their shares for a pro -rataportion of Pyrophyte I’s trust account. Pyrophyte I is currently in the process of completing its initial business combination with Sio Silica Corporation. As of May23, 2025, the closing price of Pyrophyte’s units, Class A ordinary shares and warrants was $11.02, $11.88 and $0.35, respectively.

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| Proposed business |

We believe that potential sellers of target businesses will view the fact that members of our board of directors and management team are in the process of closing a business combination with a vehicle similar to our company as a positive factor in considering whether or not to enter into a business combination with us. However, past performance is not a guarantee of success with respect to any business combination we may consummate. Our directors and officers, or their respective affiliates, may in the future become affiliated with other SPACs that may have acquisition objectives that are similar to ours. See “ Risk Factors—Risks Relating to our Management Team—