Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 38

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 business. However, if our 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, we may have insufficient funds available to operate our business prior to our Business Combination.
Moreover, we may need to obtain additional financing either to complete our Business Combination or because we become obligated to redeem
a significant number of our Public Shares upon consummation of our Business Combination, in which case we may issue additional securities
or incur debt in connection with such Business Combination.

Contractual
Obligations

We
do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities as of September 30, 2025,
other than as follows:

Administrative
Services Agreement

Commencing
on April 4, 2025, and until the completion of our Business Combination or liquidation, we reimburse an affiliate of the Sponsor $15,000
per month for office space, utilities, and secretarial and administrative support pursuant to the Administrative Services Agreement.
For the three and nine months ended September 30, 2025, we incurred $45,000 and $88,000, respectively, in fees for these services, of
which such amount is included in accrued expenses in the condensed balance sheets of the financial statements included in this Report
under Item 1. “Financial Statements.”

Underwriting
Agreement

We
granted the Underwriters a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,000,000 Option
Units to cover over-allotments, if any. On April 3, 2025, the Underwriters fully exercised their Over-Allotment Option.

22

The
Underwriters were paid a cash underwriting discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public
Offering). Additionally, the Underwriters are entitled to the Deferred Fee of 4.50% of the gross proceeds of the base Initial Public
Offering held in the Trust Account and 6.50% of the gross proceeds sold pursuant to the Over-Allotment Option, which equates to $10,950,000
in the aggregate following the full exercise of the Over-Allotment Option and is payable to the Underwriters, upon the completion of
the initial Business Combination subject to the terms of the Underwriting Agreement.

Registration