Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 104

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 104
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 a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well
as for due diligence expenses.

20

For
the three months ended September 30, 2025, we had net income of $2,289,200, which consists of interest income earned on marketable securities
held in the Trust Account of $2,434,162, partially offset by operating costs of $144,962.

For
the nine months ended September 30, 2025, we had a net income of $4,320,479, which consists of interest income earned on marketable securities
held in the Trust Account of $4,714,504, partially offset by operating costs of $394,025.

For
the July 8, 2024 (inception) through September 30, 2024, we had a net loss of $51,730, which consists of operating costs.

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $230,000,000
was initially placed in the Trust Account. We incurred fees of $15,554,267, consisting of $4,000,000 of cash underwriting fee, the Deferred
Underwriting Fee of $10,950,000, and $604,267 of other offering costs.

For
the nine months ended September 30, 2025, cash used in operating activities was $470,303, with a net income of $4,320,479 that was affected
by payment of operation costs through the IPO Promissory Note of $20,567 and interest income earned on marketable securities held in
the Trust Account of $4,714,504. Changes in operating assets and liabilities used $96,845 of cash for operating activities.

For
the July 8, 2024 (inception) through September 30, 2024, cash used in operating activities was $0, with a net loss of $51,730 that was
affected by payment of operation costs through the IPO Promissory Note of $15,420 and formation costs paid by Sponsor in exchange for
issuance of Class B Ordinary Shares of $10,180. Changes in operating assets and liabilities provided $26,128 of cash for operating activities.

As
of September 30, 2025, we had marketable securities held in the Trust