Company: PAII-WT
Filing Date: 2025-06-27
Form Type: S-1
Source: 0001213900-25-059054
Chunk: 237

Company: Pyrophyte Acquisition Corp. II
Filing Date: 2025-06-27
Form: S-1
Chunk 237
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 business combination |

|                               | Terms of Our Offering                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Terms Under a Rule 419 Offering                                                                                                                                                                                                    |
|                               | that our initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context. Additionally, pursuant to NYSE rules, any initial business combination must be approved by a majority of our independent directors.                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                    |
| Trading of securities issued: | The units are expected to begin trading on or promptly after the date of this prospectus. The Class A ordinary shares and warrants comprising the units will begin separate trading on the NYSE one the 52nd day following the date of this prospectus unless UBS, as the representative of the underwriters, informs us of its decision to allow earlier separate trading, subject to our having filed the Current Report on Form 8-K described below and having issued a press release announcing when such separate trading will begin. 
 We will file the Current Report on Form 8-K promptly after the closing of this offering, which closing is anticipated to take place three business days from the date of this prospectus. If the over-allotment option is exercised following the initial filing of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K will be filed to provide updated information to reflect the exercise of the over-allotment option.                                                                                     | No trading of the units or the underlying Class A ordinary shares and warrants would be permitted until the completion of a business combination. During this period, the securities would be held in the escrow or trust account. |
| Exercise of the warrants:     | The warrants cannot be exercised until 30 days after the completion of our initial business combination.                                                                                                                                                                                                                                                                                                                                                                                                                                   | The warrants could be exercised prior to the completion of a business combination, but securities received and cash paid in connection with the exercise would be deposited in the escrow or trust account.                        |

| 160 |

| Effecting our initial business combination |

|                                 | Terms of Our Offering                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Terms Under a Rule 419 Offering                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Election to remain an investor: | We will provide our public shareholders with the opportunity to redeem their public shares, regardless of whether they abstain, vote for, or vote against our initial business combination, for cash at a per share price equal to the aggregate amount then on deposit in the trust account calculated