Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 317

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 317
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 to investors that are subject to special rules under U.S. federal income tax laws, including but not limited to: ➤banks, financial institutions or financial services entities; ➤broker -dealers; ➤taxpayers that are subject to the mark -to-markettax accounting rules; ➤tax -exemptentities; ➤governments or agencies or instrumentalities thereof; ➤“qualified foreign pension funds” as defined in Section 897(l)(2) of the Code (or any entities all of the interests of which are held by a qualified foreign pension fund); ➤insurance companies; ➤regulated investment companies;

| 212 |

| Certain income tax considerations |

➤real estate investment trusts; ➤expatriates or former long -termresidents of the United States; ➤persons that actually or constructively own five percent or more (by vote or value) of any class of our shares; ➤persons that acquired our securities pursuant to an exercise of employee share options, in connection with employee share incentive plans or otherwise as compensation; ➤persons that hold our securities as part of a straddle, constructive sale, hedge, wash sale, conversion or other integrated or similar transaction; ➤persons that are subject to the “applicable financial statement” accounting rules under Section 451 of the Code; ➤U.S. Holders (as defined below) whose functional currency is not the U.S. dollar; ➤controlled foreign corporations; ➤passive foreign investment companies; and ➤partnerships (or entities or arrangements classified as partnerships or other pass -throughentities for U.S. federal income tax purposes) and any beneficial owners of such partnerships. Moreover, the discussion below is based upon the provisions of the Code, the Treasury regulations promulgated thereunder and administrative and judicial interpretations thereof, all as of the date hereof, and such provisions may be repealed, revoked, modified or subject to differing interpretations, possibly on a retroactive basis, which may result in United States federal income tax consequences different from those discussed below. Furthermore, this discussion does not address any aspect of United States federal non -incometax laws, such as gift or estate tax laws, or state, local or non -UnitedStates tax laws and does not address, except as discussed herein, any tax reporting obligations of a holder of Class A ordinary shares or warrants. We have not sought, and do not expect to seek, a ruling from the United States Internal Revenue Service (“IRS”) as