--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-037298" form_type: "8-K" ticker: null cik: "0001848756" company_name: "Pyrophyte Acquisition Corp." filed_at: "2024-04-29T23:59:59+00:00" generated_at: "2026-06-03T05:44:38.603395+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Pyrophyte shareholders approve one-year extension; 2.68M shares redeemed, $71.4M remains in trust ## Summary - Shareholders approved extension of business combination deadline from April 29, 2024 to April 29, 2025; 11,638,664 for, 100,000 against. - Holders of 2,683,126 public shares redeemed at ~$11.35/share; trust account now holds ~$71.4 million. - Sponsor issued promissory note for up to $1.08M to fund monthly trust contributions through Extended Date. - Sponsor's existing working capital convertible promissory note amended and restated; maturity extended to April 29, 2025 or business combination; up to $1.84M available. - Sponsor can convert up to $1.5M of working capital note into warrants at $1.00 per warrant, identical to private placement warrants. ## SEC filing metadata - accession: 0001213900-24-037298 - form_type: 8-K - cik: 0001848756 - company_name: Pyrophyte Acquisition Corp. - filed_at: 2024-04-29T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 3.03, 5.07, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/ea0204777-8k_pyrophyte.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-037298 - JSON: https://secwatch.observer/filing/0001213900-24-037298.json - Plain text: https://secwatch.observer/filing/0001213900-24-037298.txt ## Key facts - Debt Financings Pyrophyte Acquisition Corp. incurred senior notes of up to $1.08 million with Pyrophyte Acquisition LLC (Sponsor) at no interest maturing earlier of (i) the date of the consummation of the Company’s initial business combination, (ii) the date of the Company’s liquidation and (iii) the Extended Dat. - Instrument: senior notes - Principal: up to $1.08 million - Counterparty: Pyrophyte Acquisition LLC (Sponsor) - Rate: no interest - Maturity: earlier of (i) the date of the consummation of the Company’s initial business combination, (ii) the date of the Company’s liquidation and (iii) the Extended Dat - Event: incurrence source text: the Company issued a promissory note to the Sponsor with a principal amount up to $1.08 million (the “Second Extension Note”). The Second Extension Note bears no interest and is repayable in full upon the earlier of (i) the date of the consummation of the Company’s initial business combination, (ii) the date of the Company’s liquidation and (iii) the Extended Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm - Debt Financings Pyrophyte Acquisition Corp. amended convertible notes of up to $1,500,000 with Pyrophyte Acquisition LLC (Sponsor) maturing earlier of (i) the Extended Date and (ii) the effective date of an initial business combination. - Instrument: convertible notes - Principal: up to $1,500,000 - Counterparty: Pyrophyte Acquisition LLC (Sponsor) - Maturity: earlier of (i) the Extended Date and (ii) the effective date of an initial business combination - Event: amendment source text: business of the Company and the consummation of an initial business combination. The Sponsor will have the option, at any time on or prior to the Maturity Date, to convert up to $1,500,000 outstanding under the Working Capital Convertible Promissory Note into warrants to purchase Class A ordinary shares of the Company, par value $0.0001 per share (“Class A Ordinary evidence_url: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm - Material Agreements Pyrophyte Acquisition Corp. amended Working Capital Convertible Promissory Note with Pyrophyte Acquisition LLC (effective 2024-04-26). - Action: amendment - Agreement: notes offering - Counterparty: Pyrophyte Acquisition LLC - Effective: 2024-04-26 source text: on April 26, 2024, the Company amended and restated its previously issued unsecured amended and restated convertible promissory note (as so amended and restated, the “Working Capital Convertible Promissory Note”) with the Sponsor, to extend the Maturity Date evidence_url: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm - Material Agreements Pyrophyte Acquisition Corp. entered into Second Extension Note with Pyrophyte Acquisition LLC valued at up to $1.08 million (effective 2024-04-26). - Action: entry - Agreement: notes offering - Counterparty: Pyrophyte Acquisition LLC - Value: up to $1.08 million - Effective: 2024-04-26 source text: on April 26, 2024, the Company issued a promissory note to the Sponsor with a principal amount up to $1.08 million (the “Second Extension Note”). evidence_url: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm - Shareholder Votes Pyrophyte Acquisition Corp. shareholders approved Proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must consummate an initial business combination from April 29, 2024 to April 29, 2025 (the 'Extension Amendment'). at the 2024-04-26 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-04-26 source text: On April 26, 2024, the Company held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) at which its shareholders approved a proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to extend the date by which the Company must consummate an initial business combination from April 29, 2024 to April 29, 2025 (the “Extended Date”), or an earlier date than the Extended Date as determined by the Company’s board of directors (the “Extension Amendment”). The following is a tabulation of the votes with respect to the Extension Amendment, which was approved by the Company’s shareholders: For Against Abstain 11,638,664 100,000 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.