Pyrophyte Acquisition Corp. II (PAII) Form 8-K — Oct 15, 2026
$PAIIForm 8-KItems 1.01, 7.01, 9.01Filed Oct 15, 2026, 8:31 AM ET0001213900-26-109597Original filing
Pyrophyte Acquisition Corp. II (NYSE: PAII) has signed a definitive Business Combination Agreement with Sakuu Corporation, a Delaware battery and printing technology company, dated October 14, 2026. Sakuu equityholders will receive 60,000,000 newly issued shares, valuing the target at $600 million ($10.00 per share). Post-closing, Pyrophyte will domesticate to Delaware and rename itself Sakuu Holdings, Inc., with Sakuu surviving the merger as a wholly owned subsidiary.
Key figures
- Deal Value Usd
- 600000000
- Offering Price
- 10
- Shares Offered
- 60000000
- Lockup period
- 12 months post-closing (early release at $12.00 for 20 of 30 trading days)
- Termination date
- May 31, 2027
- Earnout trigger 1
- $12.50 per share triggers 5,000,000-share incentive pool tranche
- Earnout trigger 2
- $15.00 per share triggers additional 5,000,000-share incentive pool tranche
- Pipe price per share
- 10
- Sponsor promote shares
- 7135721
- Warrant exercise price
- 11.5
- Net closing cash condition
- $30,000,000 minimum
- Incentive pool total shares
- 10000000
AI analysis
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