Pyrophyte Acquisition (PHYT) sponsor makes third $75,697.70 extension deposit
Rhea-AI Filing Summary
Pyrophyte Acquisition Corp. reported that its sponsor has funded another monthly payment to keep the company’s merger deadline extended. The sponsor, Pyrophyte Acquisition LLC, deposited $75,697.70 into the company’s trust account on August 12, 2025, covering the third month of payments tied to a previously approved extension of the deadline to complete an initial business combination from April 29, 2025 to April 29, 2026. These monthly deposits are part of the sponsor’s commitment to support the extension period while the company continues seeking a suitable business combination.
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FAQ
What did Pyrophyte Acquisition Corp. (PHYT) disclose in this 8-K?
Pyrophyte Acquisition Corp. disclosed that its sponsor deposited an Extension Amount of $75,697.70 into the company’s trust account on August 12, 2025, representing the third monthly payment tied to the extension of the deadline to complete its initial business combination.
What is the Extension for Pyrophyte Acquisition Corp. (PHYT)?
The Extension refers to shareholder-approved additional time for Pyrophyte Acquisition Corp. to consummate its initial business combination, moving the deadline from April 29, 2025 to April 29, 2026, supported by monthly deposits into the trust account.
How much is the monthly Extension Amount deposited into Pyrophyte’s trust account?
The sponsor agreed that it or its designee would deposit $75,697.70 on a monthly basis into Pyrophyte Acquisition Corp.’s trust account for each month during the extension period.
Who is funding the extension payments for Pyrophyte Acquisition Corp. (PHYT)?
The extension payments are being funded by Pyrophyte Acquisition LLC, the sponsor of Pyrophyte Acquisition Corp., which agreed to make the monthly deposits into the trust account during the extension period.
What does the third monthly extension payment mean for PHYT shareholders?
The third monthly extension payment of $75,697.70 into the trust account indicates that the sponsor continues to support the extension period, allowing Pyrophyte Acquisition Corp. additional time to pursue an initial business combination up to April 29, 2026.
When was the third extension payment by the PHYT sponsor made?
The third extension payment of $75,697.70 was deposited by the sponsor into Pyrophyte Acquisition Corp.’s trust account on August 12, 2025.