Pyrophyte Acquisition Corp. II Prices Initial Public Offering at $10.00 per Unit

Pyrophyte Acquisition Corp. II has priced its initial public offering of 17,500,000 units at a price of $10.00 per unit, with the units set to list on the New York Stock Exchange under the ticker symbol "PAII.U" beginning on July 17, 2025. The offering is expected to close on July 18, 2025. This move marks a significant step for the blank check company, formed to effect a merger, amalgamation, or similar business combination with one or more businesses. The offering is led by UBS Investment Bank, with Brookline Capital Markets serving as co-manager.

Key Takeaways:

• Pyrophyte Acquisition Corp. II has priced its initial public offering of 17,500,000 units at $10.00 per unit.
• The units will list on the New York Stock Exchange under the ticker symbol "PAII.U" starting July 17, 2025.
• The offering is expected to close on July 18, 2025.
• The Company has granted underwriters a 45-day option to purchase up to an additional 2,625,000 units to cover over-allotments.
• Pyrophyte Acquisition Corp. II is a blank check company formed for a potential merger, amalgamation, or similar business combination.
• The lead book-running manager for the offering is UBS Investment Bank, with Brookline Capital Markets serving as co-manager.
• Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, exercisable to purchase one Class A ordinary share at $11.50 per share.

Statistics:

• 17,500,000 units priced at $10.00 per unit.
• Up to 2,625,000 additional units may be purchased by underwriters for over-allotments.
• UBS Investment Bank is managing 45% (or 7,875,000 units) of the offering.
• The Company's Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "PAII" and "PAII WS," respectively.

Sources:

• Pyrophyte Acquisition Corp. II release dated July 16.
• New York Stock Exchange (NYSE) ticker symbol for the units.