Pyrophyte Acquisition Corp. II
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-15.
0001213900-26-057763
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-14.
0001213900-26-090069
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 36 previous paragraphs and 38 current paragraphs.
31 unchanged; 5 reworded; 1 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 13 previous and 13 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1)
Current report
For the period from May 1, 2025 (inception) through June 30, 2025, we reported net loss of $102,000 which consisted of general and administrative expenses.
Reworded paragraphs (5)
Previous wording
For the three months ended March 31, 2026, we reported net income of $1,463,430 which consisted of interest on cash held in Trust Account of $1,801,865, interest income of $17, offset by general and administrative expenses of $338,452.
Current wording
For the six months ended June 30, 2026, we reported net income of $2,962,329 which consisted of interest on cash held in Trust Account of $3,624,851, interest income of $17, offset by general and administrative expenses of $662,539.
Previous wording
As of March 31, 2026, the Company had a cash balance of $16,423. The consummation of the Initial Public Offering, the Company’s liquidity needs are satisfied through using net proceeds from the Initial Public Offering and sale of Private Placement Warrants for existing accounts payable, identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the initial business combination.
Current wording
As of June 30, 2026, the Company had a cash balance of $1,136. The consummation of the Initial Public Offering, the Company’s liquidity needs are satisfied through using net proceeds from the Initial Public Offering and sale of Private Placement Warrants for existing accounts payable, identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the initial business combination.
Previous wording
Commencing on the date that our securities were first listed and continuing until the earlier of our consummation of an initial Business Combination or our liquidation, we have agreed to pay an affiliate of our Sponsor a total of $35,000 per month for office space, utilities, secretarial support and administrative support made available to the Company. Upon completion of an initial Business Combination or the Company’s liquidation, we will cease paying these monthly fees. The Company paid $105,000 in administrative fees for the three months ended March 31, 2026.
Current wording
Commencing on the date that our securities were first listed and continuing until the earlier of our consummation of an initial Business Combination or our liquidation, we have agreed to pay an affiliate of our Sponsor a total of $35,000 per month for office space, utilities, secretarial support and administrative support made available to the Company. Upon completion of an initial Business Combination or the Company’s liquidation, we will cease paying these monthly fees. The Company paid $210,000 in administrative fees for the six months ended June 30, 2026.
Previous wording
As of March 31, 2026 and December 31, 2025, the Company recorded prepaid administrative fees to Sponsor of $341,438 and $192,500, respectively. These amounts are amortized to general and administrative expenses within the condensed statement of operations.
Current wording
As of June 30, 2026 and December 31, 2025, the Company recorded prepaid administrative fees to Sponsor of $266,970 and $192,500, respectively. These amounts are amortized to general and administrative expenses within the condensed statement of operations.
Previous wording
As of May 15, 2026, the total administrative fees paid to date have been $635,000.
Current wording
As of August 14, 2026, the total administrative fees paid to date have been $715,532.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
For the three months ended June 30, 2026, we reported net income of $1,498,899 which consisted of interest on cash held in Trust Account of $1,822,986, offset by general and administrative expenses of $324,087.