Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 153

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 2
Chunk 153
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Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales of Equity Securities

Simultaneously with the closing of the Initial
Public Offering and pursuant to the Private Placement Units Purchase Agreements, we completed the sale of an aggregate of 600,000 Private
Placement Units to the Sponsor and Cantor in a Private Placement at a price of $10.00 per Private Placement Unit, generating gross proceeds
to us of $600,000. 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 (and underlying securities) are identical to the Public Units (and underlying
securities), except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were paid with
respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section
4(a)(2) of the Securities Act.

Use of Proceeds

On April 3, 2025, we consummated
our Initial Public Offering of 23,000,000 Public Units, which includes the full exercise of the Over-Allotment Option in the amount of
3,000,000 Option Units. Each Public Unit consists of one Public Share and one Public Right, which grants the holder the right to receive
one-tenth (1/10) of one Class A Ordinary Share upon the consummation of the initial Business Combination. The Public Units were sold at
a price of $10.00 per Public Unit, generating gross proceeds to us of $230,000,000. Cantor acted as sole book runner and representative
of the underwriters.

Simultaneously with the consummation
of our Initial Public Offering and pursuant to the Private Placement Units Purchase Agreements, we completed the private sale of an aggregate
of 600,000 Private Placement Units at a purchase price of $10.00 per Private Placement Unit, to our Sponsor and Cantor generating gross
proceeds of $6,000,000.

Following the closing of our
Initial Public Offering, a total of $226,000,000 of the proceeds from the Initial Public Offering (which amount includes $10,950,000 of
the Deferred Fee) and $4,000,000 of the proceeds from the Private Placement, was placed in a U.S.-based trust account maintained by Continental,
acting as trustee. The