Cantor Fitzgerald L. P. Buys New Position in Pyrophyte Acquisition Corp. II $PAII

Cantor Fitzgerald L. P. bought a new stake in Pyrophyte Acquisition Corp. II (NYSE:PAII) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 72,900 shares of the company’s stock, valued at approximately $726,000. Cantor Fitzgerald L. P. owned approximately 0.27% of Pyrophyte Acquisition Corp. II at the end of the most recent reporting period.

Separately, Deltec Asset Management LLC purchased a new stake in Pyrophyte Acquisition Corp. II during the 3rd quarter worth approximately $100,000.

Pyrophyte Acquisition Corp. II Trading Down 0.8%

PAII stock opened at $10.11 on Monday. The firm has a 50-day moving average of $10.11. Pyrophyte Acquisition Corp. II has a 1 year low of $9.92 and a 1 year high of $10.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Pyrophyte Acquisition Corp. II

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.