Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 18

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 the Initial Public Offering held in
the Trust Account other than those sold pursuant to the underwriters’ Over-Allotment Option and 6.5% of the gross proceeds sold
pursuant to the underwriters’ Over-Allotment Option, $10,950,000 in the aggregate, payable upon the completion of the Company’s
initial Business Combination subject to the terms of the Underwriting Agreement.

10

NOTE 7. SHAREHOLDER’S DEFICIT

Preference Shares — The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. At March 31, 2025 and December 31,
2024, there were no shares of preferred 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. At March 31, 2025 and December
31, 2024, there were no shares of 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 include an
aggregate of up to 1,000,000 shares subject to forfeiture if the Over-Allotment Option is not exercised by the underwriters in full. On
April 3, 2025, the Company consummated its Initial Public Offering, including the full exercise of the underwriters’ option to purchase
additional Units to cover the over-allotment, hence the 1,000,000 Class B Ordinary Shares were no longer subject to forfeiture.

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