Delray Beach, FL, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Highview Merger Corp. (the “Company”) announced today that holders of the units sold in the Company’s initial public offering of units completed on August 13, 2025 (the “Offering”) may elect to separately trade the Class A ordinary shares and redeemable warrants included in the units commencing on or about October 2, 2025. Any units not separated will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “HVMCU”, and each of the Class ...

Core Points - Galata Acquisition Corp. II has successfully closed its initial public offering (IPO) of 17,250,000 units, generating gross proceeds of $172,500,000 at a price of $10.00 per unit [1][3] - The units began trading on September 19, 2025, on Nasdaq under the ticker symbol "LATAU," with each unit comprising one Class A ordinary share and one-third of a redeemable warrant [2] - The company is a blank check entity aimed at pursuing mergers or acquisitions across various sectors, including energy, fintech, real estate, and technology [4] Financial Details - The IPO included an over-allotment option that was fully exercised, resulting in the issuance of an additional 2,250,000 units [1] - A total of $172,500,000 from the IPO proceeds has been placed in trust [3] Management Team - The management team is led by Daniel Freifeld (Chief Investment Officer and Chairman), Craig Perry (Chief Executive Officer), William Weir (President and COO), and Powers Spencer (Chief Financial Officer) [5] - The Board of Directors includes Douglas Lute, Agostina Nieves, and Andy Abell [5] Regulatory Information - The registration statement for the securities was declared effective by the U.S. Securities and Exchange Commission (SEC) on September 18, 2025 [6]

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]