Company: PAII-WT
Filing Date: 2025-05-29
Form Type: DRS
Source: 0001213900-25-049013
Chunk: 11

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-05-29
Form: DRS
Chunk 11
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4501 of the U.S. Internal Revenue Code of 1986, as amended, enacted by the Inflation Reduction Act of 2022; ➤ “founder shares” are to Class B ordinary shares initially purchased by our sponsor in a private placement prior to this offering and the Class A ordinary shares that will be issued upon the automatic conversion of the Class B ordinary shares immediately prior to, concurrently with or immediately following the consummation of our initial business combination, or at any time prior thereto at the option of the holders thereof, on a one -for-one basis, subject to adjustment, as described herein (for the avoidance of doubt, such Class A ordinary shares will not be “public shares”); ➤ “initial shareholders” are to our sponsor and any other holders of our founder shares immediately prior to this offering; ➤ “Investment Company Act” are to the Investment Company Act of 1940, as amended; ➤ “management” or our “management team” are to our officers, directors and, prior to the completion of this offering, our director nominees; ➤ “non -managing sponsor investors” are to the certain accredited investors (which may include certain of our directors and officers other than Messrs. Duroc -Danner and Gustafson) that have expressed an interest to purchase through the purchase of non -managing sponsor membership interests in our sponsor, (i) an aggregate of up to [•] private placement warrants and (ii) an aggregate of up to [•] founder shares, held directly by our sponsor; ➤ “ordinary shares” are to our Class A ordinary shares and our Class B ordinary shares; ➤ “ordinary resolution” are to a resolution of the company passed by a simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the company, or a resolution approved in writing by all of the holders of the issued shares entitled to vote on such matter (or such lower threshold as may be allowed under the Companies Act from time to time); ➤ “permitted withdrawals” are to amounts withdrawn from interest earned on the trust account (and not from the principal held in the trust account) to fund our taxes paid or payable (which shall exclude any Excise Tax imposed on us), if any;

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➤ “private placement warrants” are to the warrants issued to our sponsor in a private placement simultaneously with the closing