Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 69

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities
based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

Level
                               1:Quoted prices in active
     markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the
     asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level
                               2: Observable inputs
            other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
            and quoted prices for identical assets or liabilities in markets that are not active.

Level
                               3:Unobservable inputs based on assessment of the assumptions that market
     participants would use in pricing the asset or liability.

The following table
presents information about the Company’s assets that are measured at fair value as of June 30, 2025, and December 31, 2024, and
indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    June 30,  
    December 31, 

    Level 
    2025  
    2024 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
    $232,280,342  
    $— 

15

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The following table presents information about
the Company’s equity instruments that are measured at fair value on April 3, 2025, the date of the Initial Public Offering, and
indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level 
    April 3, 2025 
  
    Equity: 

    Fair value of Public Rights for Class A Ordinary Shares subject to possible redemption allocation 
    3 
    $3,404,000 

The fair value of the Public Rights issued in
the Initial Public Offering is $3,404,000, or $0.148 per Public Right. The Public Rights issued in the Initial Public Offering have been
classified within shareholders’ deficit and do not require remeasurement after issuance. The following table presents the quantitative
information regarding market assumptions used in the valuation of the Public