Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 341

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 341
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 Underwriting discounts and commissions paid by us |          $0.60 |          $0.60 |    $10,500,000 |    $12,075,000 |

____________ (1)Includes (a) $0.15 per unit sold in the base offering, or $2,625,000, payable to the underwriters upon the closing of this offering and (b) $0.45 per unit sold in the base offering, or $7,875,000, for deferred underwriting commissions to be placed in a trust account located in the United States and released to UBS only upon the completion of an initial business combination. If the underwriters’ over -allotmentoption is exercised, $0.60 per over -allotmentunit, or up to an additional $1,575,000 (or $9,450,000 in the aggregate if the underwriters’ over -allotmentoption is exercised in full) will be placed in the trust account as deferred underwriting commissions and released to UBS only upon the completion of an initial business combination. If we do not complete our initial business combination within the completion window, the underwriters have agreed that (i) they will forfeit any rights or claims to their deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account; and (ii) that such deferred underwriters’ discounts and commissions will be distributed on a pro rata basis, together with any accrued interest thereon (which interest shall be net of amounts not previously released to us for permitted withdrawals) to the public shareholders.

| 226 |

| Underwriting |

In connection with the offering, the underwriters may purchase and sell units in the open market. Purchases and sales in the open market may include short sales, purchases to cover short positions, which may include purchases pursuant to the over -allotmentoption, and stabilizing purchases. ➤Short sales involve sales by the underwriters of a greater number of units than they are required to purchase in the offering. ➤“Covered” short sales are sales of units in an amount up to the number of units represented by the underwriters’ over -allotmentoption. ➤“Naked” short sales are sales of units in an amount in excess of the number of units represented by the underwriters’ over -allotmentoption. ➤Covering transactions involve purchases of units either pursuant to the over -allotmentoption or in the open market