Company: PAII-WT
Filing Date: 2025-05-29
Form Type: DRS
Source: 0001213900-25-049013
Chunk: 255

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-05-29
Form: DRS
Chunk 255
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 as described in the section entitled “ Description of Securities.”

| 179 |

| Principal shareholders |

(3)Includes up to 946,428 founder shares that will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. (4)Pyrophyte Acquisition II LLC, our sponsor, is the record holder of such shares. Bernard Duroc -Danner, our Chief Executive Officer, and Sten Gustafson, our Chief Financial Officer, are managing members of our sponsor. Accordingly, each of Messrs. Duroc -Dannerand Gustafson may be deemed to have or share beneficial ownership of the Class B ordinary shares held directly by our sponsor. Each of Messrs. Duroc -Dannerand Gustafson disclaims such beneficial ownership other than to the extent of their pecuniary interest. Immediately after this offering, our initial shareholders will beneficially own 26.5% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in this offering). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including the appointment of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands), and approval of significant corporate transactions including our initial business combination. Our sponsor has committed to purchase an aggregate of 5,050,000 private placement warrants, each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant, or $5,050,000 in the aggregate (or $5,450,000 if the underwriters’ overallotment option is exercised in full), in a private placement that will close simultaneously with the closing of this offering. The private placement warrants will be identical to the warrants sold in this offering except that