Pyrophyte Acquisition ( (PHYTF) ) has released a notification of late filing.
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Company and Filing Details:
Pyrophyte Acquisition Corp. has filed a Form 12b-25 to notify investors and regulators that it will not file its Form 10-Q (Quarter Report) for the quarter ended September 30, 2025 on time. The delayed report is the company’s Quarterly Report on Form 10-Q (Quarter Report) with the U.S. Securities and Exchange Commission. The company also notes that several prior filings remain outstanding, including its Annual Report on Form 10-K (Yearly Report) for the year ended December 31, 2024 and its Form 10-Q (Quarter Report) filings for the quarters ended March 31, 2025 and June 30, 2025.
Reason for Delay:
The company states that it needs additional time to finalize its financial statements for the September 30, 2025 quarter. Management says it cannot complete the Form 10-Q (Quarter Report) by the required deadline without incurring unreasonable effort or expense. The filing hints at an ongoing review process and the possibility that further accounting or control issues could be identified, although no specific internal control failure, auditor change, or special committee investigation is explicitly cited.
Expected Filing Timeline:
Pyrophyte says it expects to file the Form 10-Q (Quarter Report) “as soon as practicable.” While the rules would normally allow a five-day extension for a late quarterly filing, the company cautions that there is no assurance it will meet that extended deadline. Given that multiple earlier reports (the 2024 Form 10-K (Yearly Report) and the first two 2025 Form 10-Q (Quarter Report) filings) are also delayed, investors should assume some uncertainty around the precise timing of the company’s return to current reporting status.
Financial Impact and Statements:
The company indicates that it does not anticipate any significant change in results of operations versus the same quarter in the prior year, based on what it currently knows. However, it warns that the ongoing review of its financial reporting could still identify errors or control deficiencies in its accounting practices. The filing includes standard forward-looking statement language, stressing that expectations about timing of the Form 10-Q (Quarter Report) filing and the outcome of the review are subject to risks and uncertainties and may differ from actual results.
Next Steps and Signature:
Pyrophyte Acquisition Corp. emphasizes that it is working to complete its financial statements and resolve the issues causing the delays so it can bring all of its SEC reports up to date. The notification is signed on behalf of the company by Chief Financial Officer and Director Sten Gustafson, dated December 19, 2025, underscoring senior management’s responsibility for the filing and the company’s ongoing efforts to regain full reporting compliance.
More about Pyrophyte Acquisition
Pyrophyte Acquisition Corp. is a special purpose acquisition company (SPAC) based in Houston, Texas. Like other SPACs, it was formed to raise capital through an initial public offering and then pursue a business combination, typically by merging with or acquiring an operating company. As a blank-check company, its value for investors largely depends on its deal-making progress and its ability to maintain regulatory compliance and timely financial reporting.
Technical Sentiment Signal: Buy
Current Market Cap: $133.7M
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