Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 55

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 55
---
”), at $10.00 per Public Unit, generating gross proceeds of $230,000,000 (the “Initial
Public Offering”), as discussed in Note 3. Each Public Unit consists of one Class A ordinary share, par value $0.0001 per share,
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 units (the “Private Placement Units”
and together with the Public Units and Option Units, the “Units”) to the Sponsor and Cantor Fitzgerald & Co. (“Cantor”),
the representative of the several underwriters of the Initial Public Offering (the “Underwriters”), 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, the Deferred Underwriting Fee (as defined in Note 6)
of $10,950,000, 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 Underwriting Fee).

5

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
initial Business Combination