Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 8

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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the “Private Placement”) as
discussed in Note 4. Of those 600,000 Private Placement Units, the Sponsor purchased 400,000 Private Placement Units and Cantor purchased
200,000 Private Placement Units. Each Private Placement Unit consists of one Class A Ordinary Share (the “Private Placement Shares”)
and one right to receive one-tenth of one Class A Ordinary Share upon the consummation of an initial Business Combination (the “Private
Placement Rights”, and together with the Public Rights, the “Rights”).

Transaction
costs amounted to $15,554,267, consisting of $4,000,000 of cash underwriting fee, the Deferred Underwriting Fee (as defined in Note 6)
of $10,950,000, and $604,267 of other offering costs.

The
Company’s management (“Management”) has broad discretion with respect to the specific application of the net proceeds
of the Initial Public Offering and the Private Placement, although substantially all of the net proceeds are intended to be generally
applied toward consummating a Business Combination (less the Deferred Underwriting Fee).

5

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80%
of the net balance in the Trust Account (as defined below) (excluding the amount of the Deferred Underwriting Fee held and taxes payable
on the income earned on the Trust Account, if any) at the time of the signing an agreement to enter into a Business Combination. However,
the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding
voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register
as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no
assurance that the Company will be able to successfully effect a Business Combination.

Following
the closing of the Initial Public Offering, on April 3, 2025, an amount of $230,000,000 ($10.00 per Unit) from the net proceeds of Initial
Public Offering and the Private Placement was placed in a trust account (the “Trust Account