Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 30

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

    Level 1:
    Quoted prices
    in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions
    for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

16

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

    Level 2:
    Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
    and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable
    inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

The
following table presents information about the Company’s assets that are measured at fair value as of September 30, 2025 and December
31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    September 30,  
    December 31, 

    Level 
    2025  
    2024 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
    $234,714,504  
    $— 

The
following table presents information about the Company’s equity instruments that are measured at fair value on April 3, 2025, the
date of the Initial Public Offering, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine
such fair value:

    Level 
    April 3, 2025 
  
    Equity: 

    Fair value of Public Rights for Class A Ordinary Shares subject to possible redemption allocation 
    3 
    $3,404,000 

The
fair value of the Public Rights issued in the Initial Public Offering is $3,404,000, or $0.148 per Public Right. The Public Rights issued
in the Initial Public Offering have been classified within shareholders’ deficit and do not require remeasurement after issuance.
The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Rights issued
in the Initial Public Offering:

    April 3,