Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 342

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 342
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 after the distribution has been completed, in order to cover short positions. ➤To close a naked short position, the underwriters must purchase units in the open market after the distribution has been completed. A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the units in the open market after pricing that could adversely affect investors who purchased in the offering. ➤To close a covered short position, the underwriters must purchase units in the open market after the distribution has been completed or must exercise the over -allotmentoption. In determining the source of units to close a covered short position, the underwriters will consider, among other things, the price of units available for purchase in the open market as compared to the price at which they may purchase units through the over -allotmentoption. ➤Stabilizing transactions involve bids to purchase units, so long as the stabilizing bids do not exceed a specified maximum. Transactions to cover short positions and stabilizing transactions, as well as other transactions by the underwriters for their own accounts, may have the effect of preventing or retarding a decline in the market price of the units. They may also cause the price of the units to be higher than the price that would otherwise exist in the open market in the absence of these transactions. The underwriters may conduct these transactions in the over -the -countermarket or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time. We estimate that the total expenses of this offering payable by us will be $925,000, excluding underwriting discounts and commissions. We have agreed to reimburse the underwriters for their expenses up to a maximum aggregate of $200,000, including counsel fees related to the review by FINRA up to a maximum aggregate total of $25,000. See the section of this prospectus entitled “Use of Proceeds” for more information regarding expenses. We have agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make because of any of those liabilities. We are not under any contractual obligation to engage any of the underwriters to provide any services for us after this offering, and have no present intent to do so. However, any of the underwriters may introduce us to potential target businesses or assist us in raising additional capital in the future. If any of the underwriters provide services to us after this offering