Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 58

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 and (ii) be entitled
to vote on continuing the company in a jurisdiction outside the Cayman Islands (including any Special Resolution required to amend the
constitutional documents or to adopt new constitutional documents, in each case, as a result of the Company approving a transfer by way
of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A Ordinary Shares will not be entitled to vote on
these matters during such time. These provisions of the Amended and Restated Articles may only be amended if approved by a Special Resolution
passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation of the initial Business
Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed,
by proxy at the applicable general meeting of the Company.

Rights — Except in cases where
the Company is not the surviving company in a Business Combination, each holder of a Right will automatically receive one-tenth (1/10)
of one Ordinary Share upon consummation of the initial Business Combination. The Company will not issue fractional shares in connection
with an exchange of Rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance
with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion of the initial business
combination, each holder of a Right will be required to affirmatively convert his, her or its Rights in order to receive the one-tenth
(1/10) of one Ordinary Share underlying each Right upon consummation of the initial Business Combination. If the Company is unable to
complete the initial Business Combination within the required time period and the Company will redeem the Public Shares for the funds
held in the Trust Account, holders of Rights will not receive any of such funds for their Rights and the Rights will expire worthless.

11

NOTE 8. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the operating results for the Company as