Pyrophyte Acquisition Corp. II (PAII) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PAII currently has 20M outstanding shares. with moderate dilution risk from 7.35M authorized shares representing 36.7% potential dilution. The company has significantly diluted shareholders by 176.2% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 20.0M shares outstanding |
20M | 7.3M |
| Mar 30, 2026 |
10-K filing | 20.0M shares outstanding |
20M | 7.3M |
| Nov 14, 2025 |
10-Q filing | 20.0M shares outstanding |
20M | 7.3M |
| Sep 02, 2025 |
10-Q filing | 20.0M shares outstanding |
20M | 7.3M |
| Jul 30, 2025 |
8-K filing: Pyrophyte Acquisition Corp. II consummated its initial public offering of 17,500,000 units at $10.00 per unit, generating gross proceeds of $175,000,000, completed a private sale of 5,050,000 warrants to its sponsor at $1.00 per warrant, generating gross proceeds of $5,050,000, and closed the issuance and sale of an additional 2,541,150 units at $10.00 per unit, generating gross proceeds of $25,411,500; the Sponsor forfeited 30,231 Class B ordinary shares. ($205.46M proceeds) |
7.3M | 7.3M |
| Jul 24, 2025 |
8-K filing: Pyrophyte Acquisition Corp. II consummated its IPO of 17,500,000 units at $10.00 per unit, generating gross proceeds of $175,000,000, completed a private sale of 5,050,000 warrants to its sponsor at $1.00 per warrant, generating gross proceeds of $5,050,000, and closed the issuance and sale of an additional 2,541,150 units at $10.00 per unit, generating gross proceeds of $25,411,500, and the sponsor forfeited 30,231 Class B ordinary shares, resulting in the sponsor holding 7,135,721 founder shares. ($205.46M proceeds) |
7.3M | 7.3M |
| Jul 08, 2025 |
S-1/A filing: This S-1/A filing includes details regarding expenses related to the offering, indemnification of directors and officers, and recent sales of unregistered securities, specifically Class B ordinary shares issued to the sponsor and independent director nominees to cover offering costs. |
7.3M | 7.3M |
| Jun 27, 2025 |
S-1 filing: Initial public offering of 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. |
7.3M | 18M |