NEW YORK (November 09, 2026)—Ashurst Perkins Coie advised Pyrophyte Acquisition Corp. II, a special purpose acquisition company, on its entry into a definitive business combination agreement with Sakuu Corporation. The terms of the business combination imply a pre-money equity value of $600 million for Sakuu.
Proceeds from the transaction are expected to fund the continued development and commercialization of Sakuu’s Kavian® platform, its next-generation dry-battery printing platform, including preparations for anticipated commercial availability in the second quarter of 2027, and to support purchase-order fulfillment. The combined company is expected to be listed on the NYSE under the ticker symbol SAKU.
Ashurst Perkins Coie’s advisory team included Partners Elliott Smith, Ryan Gaglio, and Chris Hall; Counsel Sarah Ross and Jordan Leon; and Associates Olga Baudelaire, Nicholas Luciano, and Grace Hanna.
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