STOCK TITAN

Pyrophyte Acquisition (PHYT) sponsor makes third $75,697.70 extension deposit

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

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.

Positive

  • None.

Negative

  • None.
false 0001848756 00-0000000 0001848756 2025-08-12 2025-08-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 12, 2025

 

PYROPHYTE ACQUISITION CORP.

(Exact name of registrant as specified in its Articles)

 

Cayman Islands   001-40957   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS. Employer
Identification No.)

 

3262 Westheimer Road

Suite 706

Houston, Texas 77098

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (281) 701-4234

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01. Other Events.

 

As previously disclosed, on April 25, 2025, Pyrophyte Acquisition Corp. (the “Company”) held an extraordinary general meeting of shareholders to approve an extension of the time by which it had to consummate its initial business combination from April 29, 2025 to April 29, 2026 (the “Extension”). In connection with the Extension, Pyrophyte Acquisition LLC (the “Sponsor”), agreed that it or its designee would deposit into the Company’s trust account (the “Trust Account”) an amount equal to $75,697.70 on a monthly basis through the Extension (the “Extension Amount”).

 

On August 12, 2025, the Sponsor caused the Extension Amount to be deposited into the Trust Account, representing payment for the third month of the Extension.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

PYROPHYTE ACQUISITION CORP.  
     
By: /s/ Sten Gustafson  
Name:  Sten Gustafson  
Title: Chief Financial Officer  

 

Date: August 15, 2025

 

 

2

 

 

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.

Pyrophyte Acquisition Corp

NYSE:PHYT

View PHYT Stock Overview

PHYT Rankings

PHYT Latest News

PHYT Latest SEC Filings

PHYT Stock Data

128.62M
6.29M
Blank Checks
US
HOUSTON