Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 65

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 classified the Rights under equity treatment at their assigned
values.

Net
Income (Loss) per Ordinary Share

The
Company has two classes of Ordinary Shares: Class A Ordinary Shares and the Company’s Class B ordinary shares, par value $0.0001
per share (the “Class B Ordinary Shares”, and together with the Class A Ordinary Shares, the “Ordinary Shares”).
Net income (loss) per Ordinary Share is computed by dividing net income (loss) by the weighted average number of Ordinary Shares outstanding
during the period, excluding Ordinary Shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate
of 1,000,000 Class B Ordinary Shares that are subject to forfeiture if the Over-Allotment Option was not exercised by the Underwriters
(see Note 5). As of September 30, 2025 and December 31, 2024, the Company has dilutive securities and other contracts that could, potentially,
be exercised or converted into Ordinary Shares and then share in the earnings of the Company.

    For the Three Months Ended September 30, 2025  
    For the Nine Months Ended
 September 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic net income per Ordinary Share: 

    Numerator: 

    Allocation of net income 
    $1,727,882  
    $561,318  
    $2,940,621  
    $1,379,858 
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     23,600,000  
     7,666,667  
     15,617,647  
     7,328,432 
  
    Basic net income per Ordinary Share 
    $0.07  
    $0.07  
    $0.19  
    $0.19 

10

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

    For the Period from July 8, 2024
 (Inception) Through September 30, 2024 

    Class A  
    Class B 
  
    Basic net loss per Ordinary Share: 

    Numerator: