Pyrophyte Acquisition Corp.

Pyrophyte Acquisition Corp. is a blank-check company (SPAC) that raised $175M in its initial public offering on Oct 28, 2021, listing on New York Stock Exchange. It agreed to combine with Sio Silica Corporation, announced on Nov 13, 2023, at a stated value of $708M. The deal has not closed yet. UBS led the IPO.

Sio Silica Corporation is a Canadian producer of high-purity quartz silica. It says its extraction method avoids truck traffic, surface mining, tunneling, dust and chemical cleansing, and that its processing facility uses renewable electricity and natural gas.

Status

Deal announced

IPO date

Oct 28, 2021

IPO size

$175M

IPO exchange

New York Stock Exchange

Target

Sio Silica Corporation

Target sector

Mining

Announced

Nov 13, 2023

Stated deal value

$708M

Combined company

Sio Silica Incorporated (Sio Newco)

IPO underwriters

UBS