Pyrophyte Acquisition Corp. II (PAII.U) Prices $175M IPO

Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025.

The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the energy ecosystem. Specifically, differentiated companies that provide critical minerals and materials, equipment, and/or technologies that support the span of energy solutions from traditional to renewable energy.

Pyrophyte Acquisition Corp. II’s management team is led by Chief  Executive Officer and Director Bernard Duroc-Danner, and Chief Financial Officer and Director Sten Gustafson. Per Hornung Pedersen, Jamie Saxton, and Matteo Pasquali will serve on the Board of Directors.

Total SPAC deal count for 2025 year-to-date is now 74. This offering is expected to close on Friday, July 18, 2025.

UBS Investment Bank is acting as the lead book-running manager for the offering and Brookline Capital Markets, a division of Arcadia Securities, LLC is acting as co-manager for the offering. Perkins Coie LLP, is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.