Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 76

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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000 Option Units to cover
over-allotments, if any. On April 3, 2025, the underwriters fully exercised their Over-Allotment Option.

The underwriters were paid a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Public Units offered in the Initial Public Offering, excluding any proceeds
from Option Units sold pursuant to the Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally,
the underwriters are entitled to a deferred fee of (i) 4.5% of the gross proceeds of the Initial Public Offering held in the Trust Account,
other than those sold pursuant to the Over-Allotment Option, and (ii) 6.5% of the gross proceeds sold pursuant to the Over-Allotment Option,
or $10,950,000 in the aggregate, payable upon the completion of the initial Business Combination subject to the terms of the Underwriting
Agreement.

19

Critical Accounting Estimates and Policies

The preparation of the unaudited condensed financial
statements and the notes thereto included in this Report under “Item 1. Financial Statements” in conformity with GAAP requires
Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of the unaudited condensed financial statements and the notes thereto included in this Report under “Item
1. Financial Statements”, and income and expenses during the periods reported. Making estimates requires Management to exercise
significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the unaudited condensed financial statements included in this Report under “Item 1. Financial Statements”,
which Management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly,
the actual results could materially differ from those estimates. As of June 30, 2025, we did not have any critical accounting estimates
to be disclosed.

Recent Accounting Pronouncements

Management does not believe that any recently
issued, but not effective, accounting standards, if currently adopted, would have a material effect on the unaudited condensed financial
statement and the notes thereto included in this Report under “Item 1. Financial Statements”.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk.

We are a smaller reporting