Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 68

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 in ASU 2023-07 and existing
segment disclosures in ASC 280. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within
fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 on July 8, 2024 (inception).

Management
does not believe that any other recently issued, but not yet effective, accounting standard, if currently adopted, would have a material
effect on the accompanying unaudited condensed financial statements.

Note
3. Initial Public Offering

In
the Initial Public Offering on April 3, 2025, the Company sold 23,000,000 Public Units, which included the full exercise of the
Over-Allotment Option amounting to 3,000,000 Option Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists
of one Public Share and one Public Right, which grants a holder the right to receive one tenth (1/10) of a Class A Ordinary Share
upon the consummation of an initial Business Combination.

Note
4. Private Placement

Simultaneously
with the closing of the Initial Public Offering, the Sponsor and Cantor purchased an aggregate of 600,000 Private Placement Units
at a price of $10.00 per Private Placement Unit in the Private Placement. Each Private Placement Unit consists of one Private Placement
Share and one Private Placement Right, which grants the holder the right to receive one tenth (1/10) of a Class A Ordinary Share upon
the consummation of an initial Business Combination. Of those 600,000 Private Placement Units, the Sponsor purchased 400,000 Private
Placement Units and Cantor purchased 200,000 Private Placement Units. The Private Placement Units are identical to the Public Units,
subject to certain limited exceptions.

If
the initial Business Combination is not completed within the Combination Period, the proceeds from the Private Placement held in the
Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).

Note
5. Related Party Transactions

Founder
Shares

On
July 16, 2024, the Sponsor made a capital contribution of $25,000, or approximately $0.003 per share, through payments of offering
costs and expenses on the Company’s behalf, for which the Company issued