Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 60

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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2023-07 requires that a public entity disclose the title and position of the CODM and an explanation of
how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources.
Public entities will be required to provide all annual disclosures currently required by FASB ASC Topic 280, “Segment Reporting”
(“ASC 280”), in interim periods, and entities with a single reportable segment are required to provide all the disclosures
required by the amendments in ASU 2023-07 and existing segment disclosures in ASC 280. ASU 2023-07 is effective for fiscal years beginning
after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The
Company adopted ASU 2023-07 on July 8, 2024 (inception).

Management does not believe that any other issued,
but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the accompanying unaudited condensed
financial statements.

Note 3. Initial Public Offering

Pursuant to the Initial Public Offering on April
3, 2025, the Company sold 23,000,000 Public Units, which includes the full exercise of the Over-Allotment Option amounting to 3,000,000
Option Units, at a purchase price of $10.00 per Option Unit. Each Public Unit consists of one Public Share and one Public Right,
which grants a holder the right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of an initial Business
Combination.

Note 4. Private Placement

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and Cantor purchased an aggregate of 600,000 Private Placement Units at a price of $10.00 per Private
Placement Unit in the Private Placement. Each Private Placement Unit consists of one Private Placement Share and one Private Placement
Right, which grants the holder the right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of an initial Business
Combination. Of those 600,000 Private Placement Units, the Sponsor purchased 400,000 Private Placement Units and Cantor purchased 200,000
Private Placement Units. The Private Placement Units are identical to the Public Units, subject to certain limited exceptions.

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