Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 57

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 Combination, (ii) the redemption of the Public Shares if the Company is unable
to complete the initial Business Combination by April 3, 2027, 24 months from the closing of the Initial Public Offering or by such earlier
liquidation date as the Company’s board of directors may approve (the “Combination Period”), subject to applicable
law, or (iii) the redemption of the Public Shares properly submitted in connection with a shareholder vote to amend the Company’s
amended and restated memorandum and articles of association (the “Amended and Restated Articles”) to modify (1) the substance
or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100%
of the Public Shares if the Company has not consummated an initial Business Combination within the Combination Period or (2) any other
material provisions relating to the rights of holders of Class A Ordinary Shares or pre-initial Business Combination activity. The proceeds
deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority
over the claims of the holders of the Public Shares (the “Public Shareholders”). 

The
Company will provide the Public Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion
of the initial Business Combination either (i) in connection with a general meeting called to approve the initial Business Combination
or (ii) without a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval
of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public
Shareholders will be entitled to redeem their Public Shares at a per-share price, payable in cash, equal to the aggregate amount then
on deposit in the Trust Account calculated as of two business days prior to the consummation of the initial Business Combination,
including interest earned on the funds held in the Trust Account (less taxes payable, if any), divided by the number of then outstanding
Public Shares, subject to the limitations. The amount in the Trust Account was $10.20 per Public Share as of September 30, 2025.

The
Ordinary Shares (as defined in Note 2) subject to possible redemption were recorded at redemption value and classified as temporary equity
upon the completion of the Initial Public Offering, in accordance with Financial Accounting Standards Board (“FASB”) Accounting
Stand