Pyrophyte Acquisition Corp. (the “Company”) is a blank check company incorporated in Cayman Islands on February 12, 2021. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar Business Combination with one or more businesses (the “Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.
Company profile
Ticker
PHYT, PHYT-UN, PHYT-WT
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
PHYT stock data
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
425
Business combination disclosure
13 Nov 23
425
Business combination disclosure
13 Nov 23
8-K
Entry into a Material Definitive Agreement
13 Nov 23
10-Q
2023 Q2
Quarterly report
21 Aug 23
NT 10-Q
Notice of late quarterly filing
14 Aug 23
10-Q
2023 Q1
Quarterly report
15 May 23
NT 10-Q
Notice of late quarterly filing
15 May 23
8-K
Entry into a Material Definitive Agreement
4 May 23
Latest ownership filings
4
Change in insider ownership
2 May 23
SC 13G
GLAZER CAPITAL, LLC
14 Feb 23
SC 13G
BALYASNY ASSET MANAGEMENT LLC
14 Feb 23
SC 13G/A
BALYASNY ASSET MANAGEMENT LLC
14 Feb 22
SC 13G
Pyrophyte Acquisition LLC
11 Feb 22
SC 13G
ADAGE CAPITAL PARTNERS GP, L.L.C.
8 Nov 21
SC 13G
BALYASNY ASSET MANAGEMENT LLC
5 Nov 21
3
Initial statement of insider ownership
26 Oct 21
3
ADAM PIERCE
26 Oct 21
3
Pedersen Per Hornung
26 Oct 21
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.93 k | 1.93 k | 1.93 k | 1.93 k | 1.93 k | 1.93 k |
| Cash burn (monthly) | (no burn) | 21.93 k | 182.46 k | 186.65 k | 636.50 k | 434.92 k |
| Cash used (since last report) | n/a | 47.38 k | 394.26 k | 403.31 k | 1.38 mm | 939.74 k |
| Cash remaining | n/a | -45.45 k | -392.32 k | -401.38 k | -1.37 mm | -937.81 k |
| Runway (months of cash) | n/a | -2.1 | -2.2 | -2.2 | -2.2 | -2.2 |
Institutional ownership, Q3 2023
86.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 42 |
| Opened positions | 1 |
| Closed positions | 0 |
| Increased positions | 1 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 908.77 mm |
| Total shares | 12.15 mm |
| Total puts | 0.00 |
| Total calls | 1.09 mm |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Pyrophyte Acquisition | 5.03 mm | $0.00 |
| Parallax Volatility Advisers | 1.73 mm | $112.30 mm |
| Periscope Capital | 1.33 mm | $105.48 mm |
| Balyasny Asset Management | 721.19 k | $59.50 mm |
| EHP Funds | 560.44 k | $46.24 mm |
| Adage Capital Partners GP, L.L.C. | 508.13 k | $33.03 mm |
| Taconic Capital Advisors | 300.00 k | $19.50 mm |
| Davidson Kempner Capital Management | 200.00 k | $13.00 mm |
| TENOR CAPITAL MANAGEMENT | 150.00 k | $9.75 mm |
| GS Goldman Sachs | 146.44 k | $9.52 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Apr 23 | Pyrophyte Acquisition | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 5,031,250 | 0.00 | 5,031,250 |
| 28 Apr 23 | Pyrophyte Acquisition | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 5,031,250 | 0.00 | 0 |