Private company

Pyrophyte Acquisition Corp.

Pyrophyte Acquisition Corp. is a blank check company.1 It is headquartered in Houston, Texas.1

Last updated Oct 20, 2026.

Overview

  • IndustryBlank Checks1
  • HeadquartersHouston, Texas1
  • Business address3262 Westheimer Rd., Suite 706, Houston, Tx 770982
  • Filer category, Emerging growth company2

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Company then instructed the Trustee to liquidate the Trust Account and move the proceeds into an interest-bearing demand deposit account.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income45-$1.9M in 2024−31% since 2022
-$4.0M-$3.0M-$2.0M-$1.0M02022: -$2.7M-$2.7M20222023: -$3.4M-$3.4M2023+25%2024: -$1.9M-$1.9M2024−45%
Net income45$3.5M in 2024−67% since 2022
0$5.0M$10.0M$15.0M2022: $10.6M$10.6M20222023: $2.5M$2.5M2023−76%2024: $3.5M$3.5M2024+39%
Fiscal year20212022202320242026
Operating income-$2.7M4-$3.4M5-$1.9M5
Income tax$08$08
Net income$10.6M4$2.5M5$3.5M5
Shares (weighted, diluted)5.0M shares45.0M shares4

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Corporate structure

Pyrophyte Acquisition Corp. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Pyrophyte Acquisition Corp.

  • First Trust Capital Management L.P. Filed SCHEDULE 13G/A on Pyrophyte Acquisition Corp., latest Aug 14, 2026 (2 filings since Feb 14, 2024)
  • Harraden Circle Investments, LLC Filed SCHEDULE 13G/A on Pyrophyte Acquisition Corp., latest Aug 14, 2026 (2 filings since Apr 30, 2026)
  • COWEN AND COMPANY, LLC Filed SCHEDULE 13G/A on Pyrophyte Acquisition Corp., latest Aug 12, 2025 (4 filings since Feb 1, 2024)
  • METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on Pyrophyte Acquisition Corp., latest Feb 14, 2025 (2 filings since Feb 14, 2024)
  • BALYASNY ASSET MANAGEMENT L.P. Filed SC 13G/A on Pyrophyte Acquisition Corp., latest Nov 14, 2024 (5 filings since Nov 5, 2021)
  • GLAZER CAPITAL, LLC Filed SC 13G/A on Pyrophyte Acquisition Corp., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Pyrophyte Acquisition Corp., latest Feb 7, 2024 (2 filings since Nov 8, 2021)
  • Pyrophyte Acquisition LLC Filed SC 13G on Pyrophyte Acquisition Corp., latest Feb 11, 2022
  • Pyrophyte Acquisition Corp. Houston, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Pyrophyte Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2K5 Dec 31, 2024$1.3K5 Dec 31, 2023−6.4%

Properties, in its own words

We maintain executive offices at 3262 Westheimer Road, Suite 706, Houston, TX 77098 pursuant to an agreement with the Sponsor. We consider our current office space, combined with the office space otherwise available to our executive officers, adequate for our current operations.

Item 2 of the 10-K filed Feb 19, 2026.3

Leadership

Who has led Pyrophyte Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sten L. Gustafson2021

Chief financial officer

  1. Thomas W. Major2021
2025
Board members and other officers (5)

Timeline

  1. Oct 6, 20268-K Other events16
  2. Aug 4, 20268-K Other events17
  3. May 5, 20268-K Other events18
  4. Apr 28, 20268-K Entered a material agreement; New debt or obligation; Change to shareholders' rights19
  5. Apr 22, 20268-K Other events20
  6. Apr 21, 20268-K Other events21
  7. Mar 19, 20268-K Entered a material agreement22
  8. Feb 4, 20268-K Other events23
  9. Dec 19, 20258-K Other events24
  10. Nov 14, 20258-K Other events25
  11. Oct 20, 20258-K Other events26
  12. Sep 12, 20258-K Other events27
  13. Oct 26, 2021New chief executive Sten L. Gustafson becomes CEO10

Filings

127 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 31 major events, 8 insider forms, 20 large holders, 51 other. The latest 20:

  1. Oct 6, 20268-K CURRENT REPORT EDGAR
  2. Aug 18, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Aug 4, 20268-K CURRENT REPORT EDGAR
  6. May 22, 202610-Q QUARTERLY REPORT EDGAR
  7. May 22, 202610-Q QUARTERLY REPORT EDGAR
  8. May 22, 202610-Q QUARTERLY REPORT EDGAR
  9. May 18, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  10. May 5, 20268-K CURRENT REPORT EDGAR
  11. Apr 30, 2026SCHEDULE 13G EDGAR
  12. Apr 28, 20268-K CURRENT REPORT EDGAR
  13. Apr 22, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  14. Apr 22, 20268-K CURRENT REPORT EDGAR
  15. Apr 21, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  16. Apr 21, 20268-K CURRENT REPORT EDGAR
  17. Apr 20, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  18. Apr 8, 2026DEF 14A PROXY STATEMENT EDGAR
  19. Apr 1, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
  20. Mar 25, 2026PRE 14A PROXY STATEMENT EDGAR

The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Pyrophyte Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPyrophyte Acquisition Corp.1
  • CIK0001848756
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address3262 Westheimer Rd., Suite 706, Houston, TX 770981
  • Phone281 701 42341
  • Shares outstanding6,445,104 as of May 22, 20267
  • Public float$17.9M as of Jun 30, 20253
  • AuditorCBIZ CPAs P.C., New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 12, 20211
  • Filings139 in all: 8-K (31), 10-Q (13), NT 10-Q (12), SC 13G (10), SCHEDULE 13G/A (10), CORRESP (8), 3 (7), DEFA14A (7)1
    All 26 form types

    SC 13G/A (6), 10-K (4), 425 (4), DEF 14A (4), NT 10-K (4), PRE 14A (4), S-1/A (2), SCHEDULE 13G (2), UPLOAD (2), 25-NSE (1), 4 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) May 22, 2026
    Proxy statement (DEF 14A) Apr 8, 2026
    Latest 8-K (8-K) Oct 6, 2026

Risk factors and legal proceedings

The risks Pyrophyte Acquisition Corp. names in Item 1A of its 10-K filed Feb 19, 2026: 76 risks under these headings, as written.3

  • Unless otherwise stated, the Risk Factors described below do not assume the closing of the Sio Business Combination. References to the term “initial business combination” in this section include the Sio Business Combination where context requires.
  • Risks Relating to our Search for, Consummation of, or Inability to Consummate, a Business Combination
  • We are a blank check company with no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
  • Our public shareholders may not be afforded an opportunity to vote on our proposed initial business combination, and even if we hold a vote, holders of our Founder Shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
  • Your only opportunity to effect your investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.
  • If we seek shareholder approval of our initial business combination, our Sponsor and management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.
  • The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
  • The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • The requirement that we complete our initial business combination by the Extended Date may give potential target businesses leverage over us in negotiating a business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • Our search for a business combination, and any target business with which we ultimately consummate a business combination, may be materially adversely affected by events that are outside of our control, such as increased geopolitical unrest, pandemic outbreaks (such as COVID-19), and volatility in the debt and equity markets.
  • We may not be able to complete our initial business combination by the Extended Date, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
The other 64 risks
  • If we seek shareholder approval of our initial business combination, the Sponsor, directors, officers and their affiliates may elect to purchase shares or public warrants from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float” of our Class A ordinary shares or public warrants.
  • If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for submitting or tendering its shares, such shares may not be redeemed.
  • If we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of shareholders are deemed to hold in excess of 15% of our Class A ordinary shares, you will lose the ability to redeem all such shares in excess of 15% of our Class A ordinary shares.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If have not completed our initial business combination, our public shareholders may receive only their pro rata portion of the funds in the Trust Account that are available for distribution to public shareholders, and our warrants will expire worthless.
  • As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets. This could increase the cost of our initial business combination and could even result in our inability to find a target or to consummate an initial business combination.
  • If the net proceeds of the Public Offering and the sale of the Private Placement Warrants not being held in the Trust Account are insufficient to allow us to operate at least until the Extended Date, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination, and we will depend on loans from the Sponsor or management team to fund our search and to complete our initial business combination.
  • If third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $10.25 per share.
  • Our directors may decide not to enforce the indemnification obligations of the Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to our public shareholders.
  • If, after we distribute the proceeds in the Trust Account to our public shareholders, we file a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against us that is not dismissed, a bankruptcy or insolvency court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
  • If, before distributing the proceeds in the Trust Account to our public shareholders, we file a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations, including the Sio Business Combination.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination or force us to abandon our efforts to complete an initial business combination, including the Sio Business Combination.
  • If we are unable to consummate our initial business combination by April 29, 2026, our public shareholders may be forced to wait beyond such date before redemption from our Trust Account.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • We may not hold an annual general meeting of shareholders until after the consummation of our initial business combination, which could delay the opportunity for our shareholders to appoint directors.
  • You will not be permitted to exercise your warrants unless we register and qualify the underlying Class A ordinary shares or certain exemptions are available.
  • The warrants may become exercisable and redeemable for a security other than the Class A ordinary shares, and you will not have any information regarding such other security at this time.
  • The grant of registration rights to our Sponsor and holders of our Private Placement Warrants may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A ordinary shares.
  • Because we are not limited to evaluating a target business in a particular industry sector you may be unable to ascertain the merits or risks of any particular target business’s operations.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
  • We may seek business combination opportunities with an entity lacking an established record of revenue, cash flow or earnings, which could subject us to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.
  • We are not required to obtain an opinion from an independent investment banking firm or from a valuation or appraisal firm, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our shareholders from a financial point of view.
  • Our letter agreement with the Sponsor, officers and directors may be amended without shareholder approval.
  • Our Sponsor controls a substantial interest in us and thus may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.
  • A provision of our warrant agreement may make it more difficult for us to consummate an initial business combination.
  • Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources, and increase the time and costs of completing an initial business combination.
  • We may reincorporate in another jurisdiction in connection with our initial business combination and such reincorporation may result in taxes imposed on shareholders.
  • We may reincorporate in another jurisdiction in connection with our initial business combination, and the laws of such jurisdiction may govern some or all of our future material agreements and we may not be able to enforce our legal rights.
  • We may not be able to complete an initial business combination since such initial business combination may be subject to regulatory review and approval requirements, including pursuant to foreign investment regulations and review by governmental entities such as the Committee on Foreign Investment in the United States (“CFIUS”), and may ultimately be prohibited.
  • Risks Relating to the Post-Business Combination Company
  • Subsequent to our completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our share price, which could cause you to lose some or all of your investment.
  • Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we have not completed our initial business combination, our public shareholders may only receive their pro rata portion of the funds in the Trust Account that are available for distribution to public shareholders, and our warrants will expire worthless.
  • We are dependent upon our officers and directors and their loss could adversely affect our ability to operate.
  • Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.
  • After our initial business combination, it is possible that a majority of our directors and officers will live outside the United States and all of our assets will be located outside the United States; therefore investors may not be able to enforce federal securities laws or their other legal rights.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • We may have a limited ability to assess the management of a prospective target business and, as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of a business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • We may only be able to complete one business combination with the proceeds of the Public Offering and the sale of the Private Placement Warrants, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
  • We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete our initial business combination with which a substantial majority of our shareholders do not agree.
  • In order to effectuate an initial business combination, special purpose acquisition companies have, in the recent past, amended various provisions of their charters and other governing instruments, including their warrant agreements. We cannot assure you that we will not seek to amend our Articles or governing instruments in a manner that will make it easier for us to complete our initial business combination and that our shareholders may not support.
  • We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
  • Risks Relating to Acquiring and Operating a Business in Foreign Countries
  • If we effect our initial business combination with a company located outside of the United States, we would be subject to a variety of additional risks that may adversely affect us.
  • After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue may be derived from our operations in such country. Accordingly, our results of operations and prospects may be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.
  • Exchange rate fluctuations and currency policies may cause a target business’s ability to succeed in the international markets to be diminished.
  • Risks Relating to our Management Team
  • None of the Sponsor, officers or directors has any experience with a blank check company or special purpose acquisition company in the past.
  • We may not have sufficient funds to satisfy indemnification claims of our directors and officers.
  • Any failure to maintain effective internal control over financial reporting could harm us.
  • Our independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.”
  • Past performance by our management team and their affiliates, including investments and transactions in which they have participated and businesses with which they have been associated, may not be indicative of future performance of an investment in the Company.
  • Members of our management team and our board of directors have significant experience as founders, board members, officers, executives and employees of other businesses. Certain of these individuals have been, may be, or may become subject to media coverage or involved in litigation, investigations or other proceedings, including related to such businesses or otherwise. This may have an adverse effect on us, which could impede our ability to consummate an initial business combination.
  • We may seek business combination opportunities in industries or sectors that may be outside of our management’s areas of expertise.
  • Our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.
  • Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
  • Our officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with the Sponsor, officers, directors or existing holders which may raise potential conflicts of interest.
  • If our management following our initial business combination is unfamiliar with United States securities laws, they may have to expend time and resources becoming familiar with such laws, which could lead to various regulatory issues.
  • Risks Relating to our Securities
  • You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public shares or warrants, potentially at a loss.
  • Our securities will in all likelihood be thinly traded and as a result you may be unable to sell at or near ask prices or at all if you need to liquidate your securities.
  • We may issue additional Class A ordinary shares or preferred shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the Founder Shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained therein. Any such issuances would dilute the interest of our shareholders and likely present other risks.
  • We may amend the terms of the warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least a majority of the then outstanding public warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the number of Class A ordinary shares purchasable upon exercise of a warrant could be decreased, all without your approval.

Legal proceedings

As of December 31, 2024, to the knowledge of our management, there was no material litigation, arbitration or governmental proceeding pending against us or any members of our management team in their capacity as such, and we and the members of our management team have not been subject to any such proceeding.

The opening of Item 3, Legal Proceedings.3

Sources

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    SEC EDGAROther events
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