Welcome to our dedicated page for PAII news (Ticker: PAII), a resource for investors and traders seeking the latest updates and insights on PAII stock.
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Pyrophyte Acquisition Corp. II (NYSE:PAII) has announced the pricing of its $175 million initial public offering, consisting of 17,500,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Trading will commence on July 17, 2025, under the symbol "PAII.U" on the NYSE. The company, a blank check company targeting the energy sector, has granted underwriters a 45-day option to purchase up to 2,625,000 additional units. UBS Investment Bank leads the offering as book-running manager, with Brookline Capital Markets as co-manager.
