Pyrophyte Acquisition Corp.
PHYT-UN
New York Stock Exchange11.48
USD
-0.22
- -
CIK
0001848756
Return %
Stock
S&P500
1Y
4.94
26.84
3Y
13.78
77.03
5Y
13.78
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Bernard J. Duroc-Danner
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 3262 Westheimer Road Houston TX United States of America 77098
- IPO Date
- Oct 27, 2021
- CIK
- 0001848756
- Website
- pyrophytespac.com
- Similar Companies
- Business
- Pyrophyte Acquisition Corp. is a special purpose acquisition company (SPAC) focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations primarily within the energy transition ecosystem. Founded in 2021 and headquartered in Houston, Texas, it targets companies that provide critical products, services, equipment, and technologies supporting energy solutions across the full energy spectrum, including renewable power generation, energy storage, electrical grid enhancements, zero-emission transportation, renewable fuels, carbon capture, utilization and storage, and zero/low-carbon industrial applications. Its core business model is to identify and combine with differentiated, market-leading companies in these high-growth energy segments. The company’s main products and services revolve around financing and facilitating acquisitions of businesses that contribute to the energy transition, with particular emphasis on critical minerals and materials, innovative equipment, and technology solutions. Pyrophyte Acquisition Corp. has raised substantial funds through public offerings, including Pyrophyte I's $200+ million IPO in 2021 and Pyrophyte Acquisition Corp. II's $175 million IPO in July 2025, with the latter also incorporated as a Cayman Islands exempted company. In recent developments, Pyrophyte I entered into a business combination agreement with Sio Silica Corporation in November 2023, a Canadian company producing high-purity silica used in renewable energy products, high-grade glass, and electronics. The transaction implied an enterprise value of $708 million and is expected to fund the initial phase of Sio Silica's extraction and processing facility in Winnipeg, Manitoba. Pyrophyte II completed its IPO in mid-2025, focusing on extending the company's reach in the energy sector. Notably, Pyrophyte Acquisition Corp.’s Class A shares and warrants were delisted from the New York Stock Exchange in late 2024 due to failure to consummate a business combination within the required timeframe, shifting its trading activities to over-the-counter markets. Overall, Pyrophyte Acquisition Corp. operates as a family of SPACs targeting strategic acquisitions that provide critical links in the energy supply chain and supports companies contributing to both conventional and renewable energy solutions across global markets. It leverages its position by raising capital from public markets to pursue transformative deals within the evolving energy industry landscape.