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Initial public offerings

Pyrophyte Acquisition Corp. II Announces Pricing of Initial Public Offering

Strategic Insights

— 2 min read

Pyrophyte Acquisition Corp. II has announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (NYSE) under the ticker symbol "PAII.U" and are expected to trade beginning on July 17, 2025. 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.

The offering is expected to close on July 18, 2025, with UBS Investment Bank acting as the lead book-running manager and Brookline Capital Markets, a division of Arcadia Securities, LLC, acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments.

Pyrophyte Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it expects to target opportunities and companies in the energy sector.

Key Takeaways:

  • The company has priced its initial public offering of 17,500,000 units at $10.00 per unit.
  • The units will be listed on the NYSE under the ticker symbol "PAII.U" on July 17, 2025.
  • Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, exercisable to purchase one Class A ordinary share at $11.50 per share.
  • UBS Investment Bank is the lead book-running manager, and Brookline Capital Markets, a division of Arcadia Securities, LLC, is the co-manager.
  • The offering is expected to close on July 18, 2025.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units.
  • Pyrophyte Acquisition Corp. II is a blank check company formed to effect a merger, amalgamation, or similar business combination.
  • The Company expects to target opportunities and companies in the energy sector.
  • The offering is being made only by means of a prospectus, and copies may be obtained from UBS Securities LLC.

Statistics:

  • 17,500,000 units priced at $10.00 per unit for a total of $175,000,000.
  • Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
  • 2,625,000 additional units may be purchased by the underwriters at the initial public offering price to cover over-allotments.
  • The offering is expected to close on July 18, 2025.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units.

Sources:

  • Pyrophyte Acquisition Corp. II, "Pyrophyte Acquisition Corp. II Announces Pricing of Initial Public Offering"
  • U.S. Securities and Exchange Commission (SEC), "Registration Statement on Form S-1"
  • UBS Securities LLC, "Prospectus"

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