Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 33

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 to do so,
we may have insufficient funds available to operate our business prior to our initial Business Combination. Moreover, we may need to obtain
additional financing either to complete our Business Combination or because we become obligated to redeem a significant number of our
Public Shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection
with such Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities as of June 30, 2025.

IPO Promissory Note

The Sponsor agreed to loan to us an aggregate
of up to $500,000 to be used for a portion of the expenses of the Initial Public Offering pursuant to the IPO Promissory Note. The IPO
Promissory Note was non-interest bearing, unsecured and due at the earlier of June 30, 2025, or the closing of the Initial Public Offering.
As of April 3, 2025, we had $306,752 outstanding borrowings under the IPO Promissory Note. On April 4, 2025, we repaid the total outstanding
balance of the IPO Promissory Note and there were no amounts outstanding under the IPO Promissory Note as of June 30, 2025, and further
borrowings under the IPO Promissory Note are no longer allowed.

Administrative Services Agreement

We
entered into the Administrative Service Agreement with the managing member of the Sponsor, commencing on April 2, 2025, through the earlier
of our consummation of initial Business Combination and our liquidation, to pay an aggregate of $15,000 per month for office space, utilities,
and secretarial and administrative support services. For the three and six months ended June 30, 2025, the Company incurred and paid
$43,000 of fees