Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 47

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 47
---
SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Note 1. Description of Organization, Business
Operations and Liquidity and Capital Resources

Sizzle Acquisition Corp. II (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted company on July 8, 2024. The Company was incorporated for the
purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination
target. The Company is an early-stage and emerging growth company and, as such, the Company is subject to all of the risks associated
with early-stage and emerging growth companies.

As of June 30, 2025, the Company has not commenced
any operations. All activity for the period from July 8, 2024 (inception) through June 30, 2025, relates to the Company’s formation
and the Initial Public Offering (as defined below). The Company will not generate any operating revenues until after the completion of
its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on investments
from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

The Registration Statement on Form S-1 for the
Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 14,
2025, as amended (File No. 333-285839), was declared effective on April 1, 2025 (the “IPO Registration Statement”).
On April 3, 2025, the Company consummated the initial public offering of 23,000,000 units (the ” Public Units”), which includes
the full exercise by the underwriters of the Over-Allotment Option (as defined in Note 6) in the amount of 3,000,000 units (the “Option
Units”), at $10.00 per Public Unit, generating gross proceeds of $230,000,000 (the “Initial Public Offering”), as discussed
in Note 3. Each Public Unit consists of one Class A ordinary share, par value $0.0001 per share