Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 365

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 365
---
 sponsor will agree, subject to limited exceptions, not to transfer, assign or sell any of the private placement warrants (including their underlying securities) until 30 days after the completion of the initial business combination. NOTE 5—RELATED PARTY TRANSACTIONS Founder shares On May 5, 2025, the sponsor made a capital contribution of $25,000, or approximately $0.003 per share, to cover certain of the Company’s expenses, for which the Company issued 7,255,952 founder shares to the sponsor. Up to 946,428 of the founder shares may be surrendered by the sponsor for no consideration if the underwriters’ over -allotmentis not fully exercised. The Company’s initial shareholders have agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of (i) one year after the completion of the initial business combination and (ii) the date following the completion of the initial business combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property (except to certain permitted transferees and under certain circumstances). Notwithstanding the foregoing, if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share

| F-14 |

| Pyrophyte Acquisition Corp. II            
 Notes to financial statements             
 NOTE 5—RELATED PARTY TRANSACTIONS (cont.) |

sub -divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 150 days after the completion of the Company’s initial business combination, the founder shares will be released from this lock -up. Promissory note—related party The sponsor has agreed to loan the Company an aggregate of up to $300,000 to be used for a portion of the expenses of this offering. The loan is non -interestbearing, unsecured and due at the earlier of December 31, 2025 or the closing of this offering. The loan will be repaid out of the $925,000 of offering proceeds that has been allocated to the payment of offering expenses. As of May 5, 2025, the Company had $75,000 outstanding under the promissory note. Administrative support agreement Commencing on the effective date of this offering, the Company will