Former Weatherford CEO’s SPAC Pyrophyte to take Sio Silica public with $758M equity value

Houston-based Pyrophyte Acquisition Corp. (NYSE: PHYT) — led by Sten Gustafson and Bernard Duroc-Danner — and Canada-based Sio Silica Corp. reached a merger deal amid a tough environment for special purpose acquisition companies. Here’s how they did it.