Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 50

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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”), subject to applicable law, or (iii) the redemption of the Public Shares properly submitted in connection with a shareholder
vote to amend the Company’s amended and restated memorandum and articles of association (the “Amended and Restated Articles”)
to (1) modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination
or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the Combination Period
or (2) with respect to any other material provisions relating to the rights of holders of Class A Ordinary Shares or pre-initial Business
Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors,
if any, which could have priority over the claims of the holders of the Public Shares (the “Public Shareholders”). 

The Company will provide the Public Shareholders
with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either
(i) in connection with a general meeting called to approve the initial Business Combination or (ii) without a shareholder vote
by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination
or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their
Public Shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as
of two business days prior to the consummation of the initial Business Combination, including interest earned on the funds held
in the Trust Account (less taxes payable), divided by the number of then outstanding Public Shares, subject to the limitations. The amount
in the Trust Account was $10.10 per Public Share as of June 30, 2025.

The Ordinary Shares (as defined in Note 5) subject
to redemption were recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering,
in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 480,
“Distinguishing Liabilities from Equity”. In such case, if the Company seeks Public Shareholder approval, a majority of the
issued and outstanding Public Shares voted are voted in favor of the Business Combination.

The Company has only the duration of the Combination
Period to complete the initial Business Combination. However, if the