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Pyrophyte Acquisition Corp. II Announces Pricing of $175 Million Initial Public Offering
Globenewswireยท 2025-07-16 21:30
Group 1 - The company, Pyrophyte Acquisition Corp. II, has announced the pricing of its initial public offering (IPO) of 17,500,000 units at a price of $10.00 per unit, expected to trade on the NYSE under the ticker symbol "PAII.U" starting July 17, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share [1] - The offering is expected to close on July 18, 2025, and the company has granted underwriters a 45-day option to purchase up to an additional 2,625,000 units to cover over-allotments [3] Group 2 - Pyrophyte Acquisition Corp. II is a blank check company formed to effect a merger or similar business combination, primarily targeting opportunities in the energy sector [2] - UBS Investment Bank is acting as the lead book-running manager for the offering, with Brookline Capital Markets as co-manager [3]