Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 8

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 financial position,
results of operations, or cash flows. In the opinion of Management, the accompanying unaudited condensed financial statements include
all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating
results and cash flows for the periods presented.

The accompanying unaudited condensed financial
statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on
April 2, 2025, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on April 9, 2025. The interim results
for the three months ended March 31, 2025, are not necessarily indicative of the results to be expected for the year ending December 31,
2025 or for any future periods.

6

Liquidity and Capital Resources

The Company’s liquidity needs up to March
31, 2025 had been satisfied through the loan under an unsecured IPO Promissory Note from the Sponsor of up to $500,000 (see Note 5). As
of March 31, 2025, the Company had no cash and a working capital deficit of $360,144.

Subsequent to the quarterly period covered by this Report, on April 3,
2025, the Company consummated the Initial Public Offering of 23,000,000 Units, which includes the full exercise by the underwriters of
their Over-Allotment Option in the amount of 3,000,000 Option Units, at $10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of 600,000 Private Placement Units to the Sponsor and
Cantor, at a price of $10.00 per Private Placement Unit, generating gross proceeds of $6,000,000. Of those 600,000 Private Placement Units,
the Sponsor purchased 400,000 Private Placement Units and Cantor purchased 200,000 Private Placement Units.

In order to fund working capital deficiencies or finance
transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s
officers and directors may, but are not obligated to, provide the Company with Working Capital Loans. If the Company completes a Business
Combination, the Company would repay such loaned amounts at that time. Up to $1