Pyrophyte Acquisition Corp. II closes IPO of 17.5M units, gross $175M; over-allotment adds $25.4M trust

Pyrophyte Acquisition Corp. II

IPO of 17,500,000 units at $10.00/unit raised $175,000,000 gross; $200,411,500 deposited in trust after over-allotment.
Simultaneous private placement of 5,050,000 warrants to sponsor at $1.00 each, gross $5,050,000.
Over-allotment partially exercised; 2,541,150 more units issued July 24, 2025, adding $25,411,500 to trust.
Sponsor forfeited 30,231 founder shares; now holds 7,135,721 founder shares.
Audited balance sheet shows $176.99M total assets and $(6.45)M shareholders' deficit as of July 18, 2025.

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