Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 93

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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 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 for these services pursuant to the Administrative
Services Agreement.

Underwriting Agreement

We granted the underwriters of the Initial Public
Offering a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,000,000 Option Units to cover
over-allotments, if any. On April 3, 2025, the underwriters fully exercised their Over-Allotment Option.

The underwriters were paid a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Public Units offered in the Initial Public Offering, excluding any proceeds
from Option Units sold pursuant to the Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally