Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 65

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 piggyback registration only during the seven-year period beginning on the effective date of the Initial Public
Offering. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters of the Initial
Public Offering a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,000,000 Option Units
to cover over-allotments, if any (the “Over -Allotment Option”). 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 the 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 underwriters’
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, dated April 1, 2025 (such fee, the “Deferred Fee”).

13

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Note 7. Shareholders’ Deficit

Preference Shares

The Company is authorized to issue a total of
5,000,000 preference shares at par value of $0.0001 each. As of June 30, 2025, and December 31, 2024, there were no preference shares
issued or outstanding.

Class A Ordinary Shares

The Company is authorized to issue a total of
500,000,000 Class A Ordinary Shares at par value of $0.0001 each. As of June 30, 2025, there were 600,000 Class A Ordinary Shares issued
and outstanding, excluding the 23,000,000 shares subject to possible redemption. As of December