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Pyrophyte Acquisition Corp. Receives NYSE Notice Regarding Delayed Form 10-K Filing

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Pyrophyte Acquisition Corp. (PHYT) received a notice from the NYSE regarding its delayed Form 10-K filing for the year ended December 31, 2023. The company is not in compliance with NYSE rules but can regain compliance by filing the 10-K before October 17, 2024. The delay is due to the need for additional time to review the financial statements. The notice does not affect the listing of the company's securities on the NYSE.
Pyrophyte Acquisition Corp. (PHYT) ha ricevuto un avviso dalla NYSE riguardo al ritardo nella presentazione del modulo 10-K per l'anno terminato il 31 dicembre 2023. L'azienda non è in conformità con le regole della NYSE, ma può ristabilirle presentando il 10-K prima del 17 ottobre 2024. Il ritardo è dovuto alla necessità di ulteriore tempo per esaminare i bilanci. L'avviso non influisce sulla quotazione dei titoli della società alla NYSE.
Pyrophyte Acquisition Corp. (PHYT) ha recibido una notificación de la NYSE respecto al retraso en la presentación del formulario 10-K para el año que terminó el 31 de diciembre de 2023. La compañía no cumple con las normas de la NYSE, pero puede volver a cumplirlas si presenta el 10-K antes del 17 de octubre de 2024. El retraso se debe a la necesidad de más tiempo para revisar los estados financieros. La notificación no afecta la cotización de los valores de la compañía en la NYSE.
Pyrophyte Acquisition Corp. (PHYT)는 2023년 12월 31일로 끝난 해의 10-K 제출 지연과 관련하여 NYSE로부터 통지를 받았습니다. 회사는 NYSE 규정을 준수하지 않고 있지만, 2024년 10월 17일 이전에 10-K를 제출함으로써 다시 준수할 수 있습니다. 지연은 재무제표 검토에 추가 시간이 필요하기 때문입니다. 이 통지는 회사의 NYSE에서의 증권 상장에 영향을 주지 않습니다.
Pyrophyte Acquisition Corp. (PHYT) a reçu un avis de la NYSE concernant le retard dans le dépôt du formulaire 10-K pour l'année terminée le 31 décembre 2023. L'entreprise n'est pas en conformité avec les règles de la NYSE, mais peut retrouver cette conformité en déposant le 10-K avant le 17 octobre 2024. Le retard est dû à la nécessité de plus de temps pour examiner les états financiers. L'avis n'affecte pas la cotation des titres de la société sur le NYSE.
Pyrophyte Acquisition Corp. (PHYT) hat eine Mitteilung von der NYSE erhalten bezüglich der verzögerten Einreichung des Formulars 10-K für das am 31. Dezember 2023 geendete Jahr. Das Unternehmen entspricht nicht den NYSE-Regeln, kann jedoch die Einhaltung wiederherstellen, indem es das 10-K vor dem 17. Oktober 2024 einreicht. Die Verzögerung ist auf die Notwendigkeit zusätzlicher Zeit zur Überprüfung der Finanzberichte zurückzuführen. Die Mitteilung hat keinen Einfluss auf die Notierung der Unternehmenswertpapiere an der NYSE.
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HOUSTON, TEXAS, April 22, 2024 (GLOBE NEWSWIRE) -- Pyrophyte Acquisition Corp. (NYSE: PHYT) (the “Company”) today announced that it received a notice from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The notice has no immediate effect on the listing of the Company’s securities on the NYSE.

The NYSE informed the Company that, under the NYSE’s rules, the Company can regain compliance with the NYSE’s continued listing requirements by filing the 2023 Form 10-K with the SEC at any time prior to October 17, 2024.

As the Company reported in its Form 12b-25 filed with the SEC on April 1, 2024, the Company requires additional time to complete its review of the 2023 Form 10-K and the financial statements included therein.

The Company is working diligently to complete the 2023 Form 10-K and expects to file such report as soon as practicable.

Cautionary Note Concerning Forward-Looking Statements

This press release contains certain forward-looking statements, including without limitation the Company’s current expectations and intentions with respect to the filing of its 2023 Form 10-K. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, including the length of time that may be required for the Company to complete its procedures and file the 2023 Form 10-K, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company's filings with the SEC.

Contact

Sten L. Gustafson
Chief Financial Officer and Director
Pyrophyte Acquisition Corp.
281-701-4234
sten.gustafson@pyrophytespac.com


FAQ

Why did Pyrophyte Acquisition Corp. receive a notice from the NYSE?

Pyrophyte Acquisition Corp. received a notice from the NYSE because it failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2023.

What is the impact of the notice on Pyrophyte Acquisition Corp.'s listing on the NYSE?

The notice has no immediate effect on the listing of Pyrophyte Acquisition Corp.'s securities on the NYSE.

How can Pyrophyte Acquisition Corp. regain compliance with the NYSE's listing requirements?

Pyrophyte Acquisition Corp. can regain compliance by filing the 2023 Form 10-K with the SEC before October 17, 2024.

Why does Pyrophyte Acquisition Corp. need additional time to complete its review of the 2023 Form 10-K?

Pyrophyte Acquisition Corp. needs additional time to complete its review of the 2023 Form 10-K and the financial statements included therein.

When does Pyrophyte Acquisition Corp. expect to file the 2023 Form 10-K?

Pyrophyte Acquisition Corp. expects to file the 2023 Form 10-K as soon as practicable.

Does the notice affect Pyrophyte Acquisition Corp.'s securities on the NYSE?

The notice does not affect the listing of Pyrophyte Acquisition Corp.'s securities on the NYSE.

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