Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 7

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 payable on the income earned on the Trust Account) 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.

5

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

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”), with Continental Stock Transfer & Trust Company (“Continental”)
acting as trustee. Subsequently, the funds were invested in U.S. government treasury obligations with a maturity of 185 days or less or
in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, that invest only in direct U.S. government
treasury obligations. The holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the
intended Business Combination. To mitigate the risk that the Company might be deemed to be an investment company for purposes of the Investment
Company Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company may, at any time (based
on Management’s ongoing assessment of all factors related to the Company’s potential status under the Investment Company Act),
instruct Continental to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash
or in an interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds held in the Trust Account
that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering and the Private Placement
will not be released from the Trust Account until the earliest of (i) the completion of the initial Business Combination, (ii) the redemption
of the Public Shares if the Company is