Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 88

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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 delisting from Nasdaq. If Nasdaq were to suspend our securities from trading and delist our securities, our securities could potentially
be quoted on an over-the-counter market. Even if our securities are then quoted on an over-the-counter market, our Nasdaq suspension and
delisting could have significant material adverse consequences, including:

●making our securities appear to be less attractive to potential target companies
than the securities of an exchange listed SPAC;

●limited availability of market quotations for our securities;

●reduced liquidity for our securities;

●the possibility that our Class A Ordinary Shares would be deemed “penny
stock,” which will require brokers trading in our Class A Ordinary Shares to adhere to more stringent rules and possibly result
in a reduced level of trading activity in the secondary trading market for our securities;

●limited news and analyst coverage; and

●decreased ability to issue additional securities or obtain additional financing
in the future.

In addition, if our securities are delisted from
Nasdaq, trading in our securities, and offers and sales of our securities by us, may be subject to state securities regulation and additional
compliance costs.

The share price of the post-Business Combination
company may be less than the Redemption Price (as defined below) of our Public Shares. 

Each Unit sold in our Initial Public Offering
at an offering price of $10.00 per Unit consisted of one Public Share and one Public Right. Of the proceeds we received from the Initial
Public Offering and the Private Placement, $230,000,000 was placed in our Trust Account. We will provide our Public Shareholders the opportunity
to redeem all or a portion of their Public Shares in connection with the completion of our initial Business Combination, and potentially
upon the occurrence of certain other events prior to our initial Business Combination. We expect that the pro rata redemption price in
any redemption will be approximately $10.00 per Public Share as of the date hereof (the “Redemption Price”), representing
a pro rata portion of our Trust Account without taking into account any interest or other income earned on such funds (less any withdrawals
from such interest or income for taxes paid), although the Redemption Price may be less in certain circumstances. As a result, Public
Shareholders who own our Public Shares on a redemption date can anticipate receiving the Redemption Price in connection with a redemption
for each Public Share that they choose to redeem.

There can be no assurance that, after our initial
Business Combination, our Public Share