Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 7

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 7
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 A -1membership units and Class A -2membership units that will represent an economic interest in the founder shares and (ii) Class B membership units that will represent an economic interest in the private placement warrants. All members of our sponsor, including its managing members, and any non -managingsponsor investor that may join the sponsor concurrently with this offering, will hold both Class A and Class B membership units representing their proportional interest in the founder shares and the private placement warrants. Pursuant to an agreement of all the members of the sponsor, the management and control of the sponsor is vested exclusively in its managing members, Bernard Duroc -Danner(our Chief Executive Officer) and Sten Gustafson (our Chief Financial Officer). Further, the non -managingsponsor investors are not required to (i) hold any units, Class A ordinary shares or public warrants they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The non -managingsponsor investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights to such funds afforded to our other public shareholders. Of the non -managingsponsor investors, Harraden Circle Investments have expressed an interest to purchase membership interests in the sponsor representing an economic interest in up to 1,725,000 founder shares held by the sponsor and 1,500,000 private placement warrants to be purchased by the sponsor. Each Class A membership unit will be purchased by the members of our sponsor at a price of $1.00 per Class A membership unit and one Class B membership unit will be granted to each Class A membership unitholder at a rate of one Class B membership unit per one Class A membership unit held by such member. As further described in “ Summary—Our Sponsor,” commencing on the date on which our securities are listed on the NYSE, we expect to make certain payments and reimbursements, or pay certain fees, to our sponsor, officers or directors, or our or their affiliates, including the payment to our sponsor of up to $35,000 per month for office space and administrative services. In addition, upon consummation of this offering, we will repay up to $300,000 in loans