[SCHEDULE 13G/A] Pyrophyte Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant SEC Filing
Rhea-AI Filing Summary
W.R. Berkley Corporation and its subsidiary Berkley Insurance Company report beneficial ownership of 99,520 Class A Ordinary Shares of Pyrophyte Acquisition Corp., representing 1.5% of the class. Each reporting person disclaims sole voting or dispositive power: both record 0 sole voting/dispositive power and 99,520 shared voting and shared dispositive power, indicating joint control rather than individual control.
The ownership percentage is calculated using the issuer's disclosed outstanding shares (11,321,961) and a public filing that reported 4,776,757 shares redeemed, which yields the stated 1.5% figure. The reporting parties certify the securities were acquired and are held in the ordinary course of business and not to influence control of the issuer.
Positive
- Clear, itemized disclosure of beneficial ownership and voting/dispositive power for both reporting entities
- Holdings reported as held in the ordinary course of business, indicating a passive intent rather than an attempt to influence control
Negative
- Position is small (1.5% of class) and therefore unlikely to be materially influential on corporate control or strategy
- No sole voting or dispositive power, which means the reporting persons do not exercise individual control over the shares
Insights
Minor passive stake disclosed; limited market impact given 1.5% ownership and no sole control.
The filing shows two related reporting entities hold an aggregate 99,520 Class A shares of PHYT, equal to 1.5% of the class based on the issuer's disclosed outstanding and redeemed shares. Shared voting and dispositive powers indicate these positions are not individually controlling. The certification that the holdings are in the ordinary course of business further supports a passive intent. For most investors, a sub-5% passive stake of this size is informational rather than transformational for corporate governance or strategy.
Disclosure meets Schedule 13G transparency standards; ownership below typical activist thresholds.
The report provides clear identification of beneficial ownership and power allocations: sole power is 0 and shared power is 99,520 for both voting and dispositive authority. Item responses state the holdings are not on behalf of another person and are held in the ordinary course, which aligns with a passive investor profile under Rule 13d-1. Given the reported percentage (1.5%), this position does not meet common governance thresholds that typically prompt board engagement or control actions.