Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 18

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---

    For the Nine Months Ended
 September 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic net income per Ordinary Share: 

    Numerator: 

    Allocation of net income 
    $1,727,882  
    $561,318  
    $2,940,621  
    $1,379,858 
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     23,600,000  
     7,666,667  
     15,617,647  
     7,328,432 
  
    Basic net income per Ordinary Share 
    $0.07  
    $0.07  
    $0.19  
    $0.19 

10

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

    For the Period from July 8, 2024
 (Inception) Through September 30, 2024 

    Class A  
    Class B 
  
    Basic net loss per Ordinary Share: 

    Numerator: 

    Allocation of net loss 
    $—  
    $(51,730)
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     —  
     6,666,667 
  
    Basic net loss per Ordinary Share 
    $—  
    $(0.01)

Share-Based
Compensation

The
Company records share-based compensation in accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC
718”), guidance to account for its share-based compensation. It defines a fair value-based method of accounting for an employee
share option or similar equity instrument. The Company recognizes all forms of share-based payments at their fair value on the grant
date, which are based on the estimated number of awards that are ultimately expected to vest. Grants of share-based payment awards issued
to non-employees for services rendered are recorded at the fair value of the share-based payment, which is the more readily determinable
value. The grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period. If
an award is granted, but vesting