Pyrophyte Acquisition II to Merge With Sakuu in $600 Million Stock Deal
Pyrophyte agreed to an all-stock merger valuing Sakuu at $600 million, with 60 million new shares issued at a $10.00-per-share equivalent. Pyrophyte will redomicile from the Cayman Islands to Delaware.
Pyrophyte Acquisition II agreed to merge with Sakuu in an all-stock transaction valuing the battery technology company at $600 million, with 60,000,000 new shares to be issued at a $10.00 per-share equivalent. Pyrophyte will domesticate from the Cayman Islands to Delaware and be renamed Sakuu Holdi…