secwatch.observer — SEC 8-K summary
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Issuer:     Pyrophyte Acquisition Corp. (—)
CIK:        0001848756
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001213900-25-038446
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pyrophyte Acquisition extends deadline to April 2026; $57M redeemed, trust falls to $18.1M
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- Shareholders approved extension of business combination deadline from April 29, 2025 to April 29, 2026.
- 4,776,757 shares redeemed at ~$11.95 each; trust account reduced to approximately $18.1M.
- Sponsor issued up to $1.5M promissory note to fund monthly contributions of $150k for extension.
- Amended working capital convertible note to allow borrowing up to $2.5M, maturity extended to April 2026.
- Sponsor may convert up to $1.5M outstanding into warrants at $1.00 each, exercisable at $11.50/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848756/000121390025038446/0001213900-25-038446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848756/000121390025038446/ea0240016-8k_pyrophyte.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-038446

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