secwatch.observer — SEC 8-K summary
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Issuer:     Pyrophyte Acquisition Corp. (—)
CIK:        0001848756
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001213900-24-037298
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pyrophyte shareholders approve one-year extension; 2.68M shares redeemed, $71.4M remains in trust
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/0001213900-24-037298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848756/000121390024037298/ea0204777-8k_pyrophyte.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-037298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer