Pyrophyte Acquisition Corp. II
Definitive agreement 2026-10-14- CIK 2069238
- PAII
- IPO 2025-07-17
- $208M trust
- 35 filings
- IPO Size
- $200M
- raised at the IPO
- Trust
- $208M
- as of 2026-06-30
- Current Status
- Definitive Agreement
- from its latest filing
- IPO Year
- 2025
- year it listed
Filings, by quarter
35 filings over 7 quarters; violet bars carry a milestone
- 25 Q2: 2 filings
- 25 Q3: 24 filings
- 25 Q4: 2 filings
- 26 Q1: 3 filings
- 26 Q2: 1 filing
- 26 Q3: 1 filing
- 26 Q4: 2 filings
- S-1 filed 25 Q2
- IPO 25 Q3
- Definitive agreement 26 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Pyrophyte Acquisition Corp. II is a blank-check company formed to pursue an initial business combination. It initially intends to focus on energy-sector companies that provide critical links in the energy supply chain or services, including critical materials, equipment, and technologies supporting traditional and renewable energy solutions.
Investment Focus
Energy
Key Information
As the filings state it
- IPO Date
- 2025-07-17
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Merger Target
- Sakuu Corporation
- SPAC Ticker
- PAII
Stock Performance
PAII.UTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2025-07-17 | $10.00 | |
| Current Price | 2026-10-30 | $10.48 | +5% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by CEO Bernard J. Duroc-Danner, an energy-company founder and operator, and CFO Sten Gustafson, an energy-services executive, investment banker and corporate securities attorney. Its directors bring experience in renewable energy, energy finance and carbon nanotechnology; the team has also served with Pyrophyte Acquisition Corp. I.