Pyrophyte Acquisition Corp. II Announces Closing of Over-Allotment Option, Resulting in Total Gross Proceeds of $200.4 Million in Initial Public Offering

Core Points - Pyrophyte Acquisition Corp. II has completed the sale of an additional 2,541,150 units at $10.00 per unit, generating gross proceeds of $25,411,500 [1] - The total gross proceeds from the initial public offering and the over-allotment option, along with a private placement of warrants, amount to $200,411,500 [3] - The company is a blank check company aiming to pursue business combinations primarily in the energy sector [4] Summary by Sections Initial Public Offering - The units began trading on the NYSE under the ticker symbol "PAII.U" on July 17, 2025 [2] - Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share [1] Private Placement - Concurrently with the IPO, the company closed a private placement of 5,050,000 warrants at $1.00 per warrant, resulting in gross proceeds of $5,050,000 [3] - Each private placement warrant is also exercisable to purchase one Class A ordinary share at $11.50 per share [3] Company Overview - Pyrophyte Acquisition Corp. II is formed to effect mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations [4] - The company may target opportunities in any industry but expects to focus on the energy sector [4] Underwriters - UBS Investment Bank served as the lead book-running manager, while Brookline Capital Markets acted as the co-manager of the offering [5]