Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 60

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 the Sponsor of up to $500,000 (“the IPO Promissory Note”), as well as the proceeds of the Initial Public
Offering and the Private Placement. As of September 30, 2025, the Company had $935,663 of cash and working capital of $914,341.

In
order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor or an
affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds
as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company will repay such
Working Capital Loans at that time. Up to $1,500,000 of such Working Capital Loans may be converted into units of the post-Business Combination
entity at a price of $10.00 per unit. Such units would be identical to the Private Placement Units. As of September 30, 2025 and December
31, 2024, no such Working Capital Loans were outstanding.

In
connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, “Presentation
of Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds to meet the expenditures
required for operating its business over the period of 12 months from the date of the issuance of the accompanying unaudited condensed
financial statements. However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and
negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available
to operate its business prior to the initial Business Combination. Management plans to consummate an initial Business Combination prior
to the end of the Combination Period. The Company cannot provide any assurance that its plans to raise capital or to consummate an initial
Business Combination will be successful.

7

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Note
2. Significant Accounting Policies

Basis
of Presentation

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form
10-Q and Article 8 of Regulation S-X of