Mizuho Securities USA LLC Acquires 977,203 Shares of Pyrophyte Acquisition Corp. (NYSE:PHYT)

Mizuho Securities USA LLC boosted its stake in shares of Pyrophyte Acquisition Corp. (NYSE:PHYT) by 186.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,500,000 shares of the company’s stock after acquiring an additional 977,203 shares during the quarter. Mizuho Securities USA LLC owned approximately 13.25% of Pyrophyte Acquisition worth $17,310,000 as of its most recent SEC filing.

Separately, Wolverine Asset Management LLC increased its position in Pyrophyte Acquisition by 27.1% in the third quarter. Wolverine Asset Management LLC now owns 71,080 shares of the company’s stock worth $820,000 after purchasing an additional 15,168 shares during the period. Hedge funds and other institutional investors own 62.03% of the company’s stock.

Pyrophyte Acquisition Stock Performance

Pyrophyte Acquisition stock opened at $11.55 on Friday. Pyrophyte Acquisition Corp. has a 1 year low of $10.90 and a 1 year high of $11.67. The company’s 50-day moving average is $11.54 and its two-hundred day moving average is $11.47.

About Pyrophyte Acquisition

Pyrophyte Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more operating businesses or entities operating in the energy transition industries.