Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 48

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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, of the Company (the “Class A Ordinary
Shares” and with respect to the Class A Ordinary Shares included in the Public Units the “Public Shares”), and one right
to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of an initial Business Combination (each a “Public
Right”).

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of 600,000 private placement units (the “Private Placement Units” and together
with the Public Units and Option Units, the “Units”) to the Company’s sponsor, VO Sponsor II, LLC (the “Sponsor”),
and Cantor Fitzgerald & Co. (“Cantor”), the representative of the underwriters of the Initial Public Offering, at a price
of $10.00 per Private Placement Unit, in a private placement, generating gross proceeds of $6,000,000 (the “Private Placement”)
as discussed in Note 4. Of those 600,000 Private Placement Units, the Sponsor purchased 400,000 Private Placement Units and Cantor purchased
200,000 Private Placement Units. Each Private Placement Unit consists of one Class A Ordinary Share (the “Private Placement Shares”)
and one right to receive one-tenth of one Class A Ordinary Share upon the consummation of an initial Business Combination (the “Private
Placement Rights”, and together with the Public Rights, the “Rights”).

Transaction costs amounted to $15,554,267, consisting
of $4,000,000 of cash underwriting fee, $10,950,000 of Deferred Fee (as defined in Note 6), and $604,267 of other offering costs.

The Company’s management (“Management”)
has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private Placement,
although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less the
Deferred Fee).

The initial Business Combination must be with
one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as
defined below) (excluding the amount of Deferred Fee held and taxes payable on the income earned on the Trust Account) at the time of
the signing an agreement to enter into a Business Combination . However, the Company will only complete a Business Combination if the
post-Business Combination company owns or acquires 50%