Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 67

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 Shares and equity-linked
securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked
securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued
to the Sponsor or any of its affiliates or to the Company’s officers or directors upon conversion of any Working Capital Loans made
to the Company) and (iii) minus any redemptions of Public Shares by Public Shareholders in connection with an initial Business Combination;
provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

14

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Holders of record of the Ordinary Shares are entitled
to one vote for each share held on all matters to be voted on by shareholders. Unless specified in the Amended and Restated Articles or
as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules, an ordinary resolution under Cayman Islands
law and the Amended and Restated Articles, which requires the affirmative vote of at least a simple majority of the votes cast by such
shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of
the Company is generally required to approve any matter voted on by the Company’s shareholders. Approval of certain actions requires
a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds
of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable
general meeting (a “Special Resolution”), and pursuant to the Amended and Restated Articles, such actions include amending
the Amended and Restated Articles and approving a statutory merger or consolidation with another company. There is no cumulative voting
with respect to the appointment of directors, meaning, following the initial Business Combination, the holders of more than 50% of the
Ordinary Shares voted for the appointment of directors can appoint all of the directors. Prior to the consummation of the initial Business
Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment and removal of directors
and (ii) are