Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Pyrophyte Acquisition ( (PHYTF) ) just unveiled an update.
On April 25, 2025, Pyrophyte Acquisition Corp. held an extraordinary general meeting at which shareholders approved extending the deadline to complete its initial business combination by one year, from April 29, 2025 to April 29, 2026, in line with its mandate as a special purpose acquisition company. As part of this extension arrangement, the sponsor committed to make fixed monthly deposits into the company’s trust account, and on December 3, 2025 it funded the eighth such payment of $75,697.70, underscoring continued financial support for maintaining the SPAC’s deal-making runway and preserving capital for a potential transaction.
More about Pyrophyte Acquisition
Pyrophyte Acquisition Corp. is a special purpose acquisition company (SPAC) formed to consummate an initial business combination, typically by merging with or acquiring an operating business, using funds held in a dedicated trust account until a transaction is completed.
Technical Sentiment Signal: Buy
Current Market Cap: $133.7M
For a thorough assessment of PHYTF stock, go to TipRanks’ Stock Analysis page.