Company: PAII-WT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110840
Chunk: 1

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 1
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writers partially exercised their over-allotment option and forfeited
their right to purchase the remaining 83,850 units under the over-allotment option. As a result, the Sponsor forfeited 30,231 Class B
Ordinary shares. All share and per share data have been retroactively applied.

The accompanying notes are an integral part
of these unaudited condensed financial statements.

1

PYROPHYTE ACQUISITION CORP. II

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

For The
 Three Months
 Ended
 September 30,
 2025  
For The
 Period From
May 1,
 2025
 (Inception)
 Through
 September 30,
 2025 

 General and administrative expenses  $195,104   $297,104  
 Loss from operations   (195,104)   (297,104) 
 Gain on marketable securities (net), dividends and interest, held in Trust Account   1,632,757    1,632,757  
 Interest income   116    116  
 Net income  $1,437,769   $1,335,769  
 Weighted average shares outstanding of Class A ordinary shares subject to possible redemption, basic and diluted   16,172,167    9,724,440  
 Basic and diluted net income per     share, Class A ordinary shares subject to possible redemption  $0.06   $0.08  
 Weighted average shares outstanding of Class B non-redeemable ordinary shares, basic and diluted   6,996,672    6,722,711  
 Basic and diluted net income per     share, Class B non-redeemable ordinary shares  (1)  $0.06   $0.08  

 (1)This number excludes an aggregate of up to 946,428 Class B shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On July 24, 2025, the underwriters partially exercised their over-allotment option and forfeited their right to purchase the remaining 83,850 units under the over-allotment option. As a result, the Sponsor forfeited 30,231 Class B Ordinary shares. All share and per share data have been retroactively applied. 

The accompanying notes are an integral part