Company: PAII-WT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110840
Chunk: 39

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 39
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 an inherent degree of uncertainty, and, therefore, actual results could
differ from our estimates.

23

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we did not have any off-balance
sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.

JOBS Act

On April 5, 2012, the Jumpstart Our Business Startups Act of 2012 (the
“JOBS Act”) was signed into law. The JOBS Act contains provisions that, among other things, relax certain reporting requirements
for qualifying public companies. We qualify as an “emerging growth company” under the JOBS Act and are allowed to comply with
new or revised accounting pronouncements based on the effective date for private (not publicly traded) companies. We elected to delay
the adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on the
relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, our unaudited condensed
financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company
effective dates.

As an “emerging growth company,” we are not required to,
among other things, (i) provide an auditor’s attestation report on our system of internal controls over financial reporting, (ii)
provide all of the compensation disclosure that may be required of non-emerging growth public companies, (iii) comply with any requirement
that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s
report providing additional information about the audit and the financial statements (auditor discussion and analysis), and (iv) disclose
comparisons of the CEO’s compensation to median employee compensation. These exemptions will apply for a period of five (5) years
following the completion of our Public Offering or until we otherwise no longer qualify as an “emerging growth company.”

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are a smaller reporting company as defined in Rule 12b-2 under the
Exchange Act. As a result, pursuant to Item 305(e) of Regulation S-K, we are not required to provide the information required by this
item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures
that are designed to