Company: PAII-WT
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0001213900-25-083487
Chunk: 26

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-09-02
Form: 10-Q
Item: Item 8
Chunk 26
---
 segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss, which include the following:      For The  Period From  May 1, 2025  (Inception)  Through  June 30, 2025   General and administrative expenses  $102,000    General and administrative costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete an offering and eventually a business combination within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis. All other segment items included in net income or loss are reported on the statement of operations and described within their respective disclosures. 

NOTE 8—SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through September 2, 2025, the date that the unaudited condensed financial statements were available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements, except for the transactions and events in connection with the Company’s consummation of its initial public offering on July 18, 2025, as discussed in Note 1, Note 3, Note 4, Note 5 and Note 6. 19  

Item 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

References in this Quarterly Report to “PAII,” “our,”
“us,” “the Company” or “we” refer to Pyrophyte Acquisition Corp. II. References to our “management”
or our “management team” refer to our officers and directors, and references to the “sponsor” refer to Pyrophyte
Acquisition II LLC. The following discussion and analysis of the Company’s financial condition and results of operations should
be read in conjunction with the unaudited condensed financial statements and the notes thereto contained elsewhere in this Quarterly Report.
Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and
uncertainties. Our actual results may differ materially from those anticipated in these