PHYT – Pyrophyte Acquisition Corp

Not Compliant

Pyrophyte Acquisition Corp is not Shariah Compliant because of its involvement in Shell Companies and related activities.

Financials
United States of America

Pyrophyte Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on the companies that serve the segments in the energy transition ecosystem. The Company is not engaged in any business operations and has not generated any revenue.

AAOIFI ✗

Debt ÷ Market cap (MC)

0.42

✓

Non-Compliant Assets ÷ MC

62.19

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