Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 89

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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holders would be able to sell their shares in the post-Business Combination company for the Redemption
Price, or any higher price. We have not, as yet, identified a target and are therefore unable to provide any assurances as to its financial
condition, business prospects or potential risks. It is therefore possible that the share price of the post-Business Combination company
may decline below the Redemption Price. In recent years, the share prices of many post-Business Combination companies have fallen
following a Business Combination. As a result, if our Public Shareholders continue to hold shares in the post-Business Combination company
following our initial Business Combination, we cannot assure our shareholders that the trading price of such shares will be greater than
the Redemption Price.

17

Certain agreements related to the Initial
Public Offering may be amended, or their provisions waived, without shareholder approval.

Certain of the agreements related to the Initial
Public Offering to which we are a party may be amended, or their provisions waived, without shareholder approval. Such agreements include
the (i) Underwriting Agreement, (ii) the Share Rights Agreement, (iii) the Registration Rights Agreement, (iv) the Private Placement Units
Purchase Agreements, and (v) the Administrative Services Agreement. These agreements contain various provisions that our Public Shareholders
might deem to be material. For example, our Share Rights Agreement and the Underwriting Agreement contain certain lock-up provisions with
respect to the Founder Shares and other securities held by our Initial Shareholders, Sponsor, officers and directors, subject to certain
exceptions. Amendments or waivers to such agreements would require the consent of the applicable parties thereto and, in certain cases,
the consent of the underwriters of the Initial Public Offering. Any such modification, such as an amendment to shorten lock-up restrictions,
may benefit our Initial Shareholders, Sponsor, officers and/or directors. Any such amendments would not require approval from our shareholders,
may result in the completion of our initial Business Combination that may not otherwise have been possible, and may have an adverse effect
on the value of an investment in our securities. For example, although we would not amend lock-up provisions to permit securities held
by Sponsor to be freely sold prior to our initial Business Combination, we may amend such provisions to permit them to be freely sold
after the Business Combination earlier than they would otherwise be permitted, which may have an adverse effect on the price of our securities.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales