Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 24

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 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 31, 2024, there were no Class A Ordinary
Shares issued or outstanding.

Class B Ordinary Shares

The Company is authorized to issue a total of
50,000,000 Class B Ordinary Shares at par value of $0.0001 each. On July 16, 2024, the Company issued 7,666,667 Class B Ordinary Shares
to the Sponsor for $25,000, or approximately $0.003 per share. The Founder Shares included an aggregate of up to 1,000,000 Class B Ordinary
Shares subject to forfeiture if the Over-Allotment Option was not exercised by the underwriters in full. On April 3, 2025, the Company
consummated its Initial Public Offering, including the full exercise of the Over-Allotment Option; consequently, such 1,000,000 Class
B Ordinary Shares are no longer subject to forfeiture. As of June 30, 2025 and December 31, 2024, there were 7,666,667 Class B Ordinary
Shares issued and outstanding.

The Founder Shares will automatically convert
into Class A Ordinary Shares concurrently with or immediately following the consummation of the initial Business Combination or earlier
at the option of the holder on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations,
recapitalizations and the like, and subject to further adjustment as provided herein. In the case that additional Class A Ordinary
Shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts sold in the Initial Public Offering
and related to or in connection with the closing of the initial Business Combination, the ratio at which Class B Ordinary Shares
convert into Class A Ordinary Shares will be adjusted (unless the holders of a majority of the outstanding Class B Ordinary
Shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A Ordinary
Shares issuable upon conversion of all Class B Ordinary Shares will equal, in the aggregate, 25% of the sum of (i) the total
number of all Ordinary Shares issued and outstanding upon the completion of the Initial Public Offering (