Sakuu Plugs Into Public Markets With $600M SPAC Merger and a 2027 Kavian Launch

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Battery 3D printing company Sakuu Corporation is heading to the New York Stock Exchange after signing a definitive business combination agreement with Pyrophyte Acquisition Corp. II (NYSE: PAII), a special purpose acquisition company. The deal implies a pre-money equity value of $600 million for Sakuu. Once the transaction closes, Pyrophyte will take the Sakuu Corporation name, and the combined company is expected to trade on the NYSE under the ticker “SAKU.”

Sakuu plans to put the new capital toward continued development and commercialization of its Kavian platform, the company’s next-generation system for dry-printing battery electrodes. Funding will support preparations for the platform’s a