Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 81

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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 auditing compliance), as well as for due diligence
expenses.

For the three months ended March 31, 2025, we
had a net loss of $42,127, which consisted of general and administrative costs.

Factors That May Adversely Affect our Results
of Operations

Our results of operations and our ability to complete
an initial Business Combination may be adversely affected by various factors that could cause economic uncertainty and volatility in the
financial markets, many of which are beyond our control. Our results of operations and our ability to consummate an initial Business Combination
could be impacted by, among other things, downturns in the financial markets or in economic conditions, increases in oil prices, inflation,
fluctuations in interest rates, increases in tariffs, supply chain disruptions, declines in consumer confidence and spending, public health
considerations, and geopolitical instability, such as the military conflicts in Ukraine and the Middle East. We cannot at this time predict
the likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact our business
and our ability to complete an initial Business Combination.

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of Class B Ordinary Shares by the Sponsor, and loans from the Sponsor, which
were repaid subsequent to the closing of the Initial Public Offering.

Subsequent to the quarterly period covered by
this Report, on April 3, 2025, we 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, we 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.

Following the closing of the Initial Public Offering
and the Private Placement, a total of $230,000,000 was placed in the Trust Account. We incurred $15,554,267 of transaction costs, consisting