Material Event (Form 8-K)

Item 8.01. Other Events.

As previously disclosed, on April 25, 2025, Pyrophyte Acquisition Corp. (the "Company") held an extraordinary general meeting of shareholders to approve an extension of the time by which it had to consummate its initial business combination from April 29, 2025 to April 29, 2026 (the "Third Extension"). In connection with the Third Extension, Pyrophyte Acquisition LLC (the "Sponsor"), agreed that it or its designee would deposit into the Company's trust account (the "Trust Account") an amount equal to $75,697.70 on a monthly basis through the Third Extension period (the "Extension Amount").

All Extension Amounts for the Third Extension have been deposited into the Trust Account. As of April 22, 2026, the current balance of the Trust Account is approximately $19,545,779. There are currently 1,513,954 Class A ordinary shares of the Company eligible for redemption at the Fourth Extension EGM (as defined below) (the "Public Shares"). Therefore, the implied liquidation value for the Public Shares, if properly submitted for redemption at the Fourth Extension EGM, is approximately $12.91 per Public Share.

Additional Information and Where to Find It

The Company has filed a definitive proxy statement (the "Extension Proxy Statement") to be used at in connection with an extraordinary general meeting of its shareholders (the "Fourth Extension EGM") to approve, among other things, an extension of time in which the Company must complete an initial business combination (the "Fourth Extension"). The Company urges investors, shareholders and other interested persons to read the definitive proxy statement dated April 8, 2026 relating to the Fourth Extension (the "Extension Proxy Statement"), as well as other documents filed by the Company with the U.S. Securities and Exchange Commission (the "SEC"), because these documents contain important information about the Company and the Fourth Extension. The Extension Proxy Statement was mailed to shareholders of the Company as of a record date of March 27, 2026 (the "Record Date"), on or about April 9, 2026. Shareholders may obtain copies of the Extension Proxy Statement, without charge, at the SEC's website at www.sec.gov or by directing a request to: 3262 Westheimer Road, Suite 706, Houston, Texas 77098, Attention: Sten Gustafson, Chief Financial Officer.

Participants in Solicitation

The Company and its directors, executive officers and other members of their management may be deemed to be participants in the solicitation of proxies of the Company's shareholders in connection with the proposals described therein. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of the Company's directors and officers in the Extension Proxy Statement, which may be obtained free of charge from the sources indicated above.

Non-Solicitation

This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Fourth Extension and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.