| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Cash and cash equivalents at beginning of period | 0 | - |
| Net income (loss) | 1,335,769 | -102,000 |
| Gain on marketable securities (net), dividends and interest, held in trust account | 1,632,757 | - |
| Formation and operating expenses paid in exchange for founder shares | 5,000 | - |
| Prepaid and other assets | 360,379 | - |
| Accrued expenses | 25,000 | 29,500 |
| Net cash used in operating activities | -627,367 | 0 |
| Investment of cash into trust account | 200,411,500 | - |
| Net cash used in investing activities | -200,411,500 | - |
| Proceeds from sale of class a units | 200,411,500 | - |
| Proceeds from sale of private placement warrants net of increase in due from sponsor | 4,396,555 | - |
| Offering costs paid | 3,047,961 | - |
| Net cash provided by financing activities | 201,760,094 | - |
| Net increase in cash | 721,227 | 0 |
| Cash and cash equivalents at end of period | 721,227 | - |
Pyrophyte Acquisition Corp. II (PAII)
Pyrophyte Acquisition Corp. II (PAII)