Pyrophyte Acquisition Corp.: debt financing — Pyrophyte Acquisition shareholders approve one-year extension to April 29, 2027; sponsor provides $1.2M note

Pyrophyte Acquisition Corp.

Shareholders voted unanimously (6,366,583 for, 0 against) to extend business combination deadline to April 29, 2027.
Sponsor issued a $1.2M promissory note to fund monthly $100k trust deposits for the extension period.
Working capital convertible note amended; maturity extended to April 29, 2027; up to $1.5M convertible into warrants at $1.00 each.
Shareholders who previously redeemed may reverse redemption requests until May 1, 2026 at 5:00 p.m. ET.

item 1.01 item 2.03 item 3.03 item 5.07 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Pyrophyte Acquisition Corp. amended loan with Pyrophyte Acquisition LLC (the Sponsor) maturing from the earlier of (i) April 29, 2026 and (ii) the effective date of an initial business combination to the earlier of (i) the Extended Date and (ii) the effec.

Instrument: loan
Counterparty: Pyrophyte Acquisition LLC (the Sponsor)
Maturity: from the earlier of (i) April 29, 2026 and (ii) the effective date of an initial business combination to the earlier of (i) the Extended Date and (ii) the effec
Event: amendment

Exact text from the filing

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

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Pyrophyte Acquisition Corp. incurred loan of up to $1,200,000 with Pyrophyte Acquisition LLC (the Sponsor) at no interest maturing upon the earlier of (i) the date of the consummation of the Company’s initial business combination and (ii) the date of the Company’s liquidation.

Instrument: loan
Principal: up to $1,200,000
Counterparty: Pyrophyte Acquisition LLC (the Sponsor)
Rate: no interest
Maturity: upon the earlier of (i) the date of the consummation of the Company’s initial business combination and (ii) the date of the Company’s liquidation
Event: incurrence

Exact text from the filing

the Company issued a promissory note to the Sponsor with a principal amount up to $1,200,000 (the “Fourth Extension Note”). The Fourth 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 and (ii) the date of the Company’s liquidation.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Pyrophyte Acquisition Corp. amended Working Capital Convertible Promissory Note with Pyrophyte Acquisition LLC (the "Sponsor") (effective 2026-04-28).

Action: amendment
Agreement: credit facility
Counterparty: Pyrophyte Acquisition LLC (the "Sponsor")
Effective: 2026-04-28

Exact text from the filing

on April 28, 2026, 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

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Pyrophyte Acquisition Corp. entered into Fourth Extension Note with Pyrophyte Acquisition LLC (the "Sponsor") valued at $1,200,000 (effective 2026-04-28).

Action: entry
Agreement: credit facility
Counterparty: Pyrophyte Acquisition LLC (the "Sponsor")
Value: $1,200,000
Effective: 2026-04-28

Exact text from the filing

on April 28, 2026, the Company issued a promissory note to the Sponsor with a principal amount up to $1,200,000 (the “Fourth Extension Note”).

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Source: SEC EDGAR

accession 0001213900-26-048690

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