Home / Going-concern warnings / Pyrophyte Acquisition Corp. II
Filed 2026-03-30 路 Form 10-K 路 Accession 0001213900-26-036502 micro
Price before filing: $10.15 (2026-03-27 close, split/dividend-adjusted)
Market cap at flag: $276.8M (2026-03-30) 路 Latest: $206.4M (2026-10-16)
| Window | PAII | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -0.1% | +12.2% | -12.3% | 2026-04-29 |
| 90 days | +0.6% | +17.2% | -16.6% | 2026-06-29 |
| 180 days | +1.8% | +21.4% | -19.6% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note 2 to the financial statements the Company's current liquidity condition raises substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: WithumSmith+Brown, PC
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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