Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 58

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 58
---
 and December 31, 2024, the Company has
dilutive securities and other contracts that could, potentially, be exercised or converted into Ordinary Shares and then share in the
earnings of the Company.

    Three Months Ended June 30, 2025  
    Six
Months Ended June 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic net income per Ordinary Share: 

    Numerator: 

    Allocation of net income 
    $1,279,734  
    $793,672  
    $1,253,733  
    $777,546 
  
    Denominator: 

    Basic weighted average Ordinary Shares outstanding 
     11,537,778  
     7,155,556  
     11,537,778  
     7,155,556 
  
    Basic net income per Ordinary Share 
    $0.11  
    $0.11  
    $0.11  
    $0.11 

 Share-Based Compensation

The Company records share-based compensation in
accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC 718”), guidance to account for its
share-based compensation. It defines a fair value-based method of accounting for an employee share option or similar equity instrument.
The Company recognizes all forms of share-based payments at their fair value on the grant date, which are based on the estimated number
of awards that are ultimately expected to vest. Grants of share-based payment awards issued to non-employees for services rendered are
recorded at the fair value of the share-based payment, which is the more readily determinable value. The grants are amortized on a straight-line
basis over the requisite service periods, which is generally the vesting period. If an award is granted, but vesting does not occur, any
previously recognized compensation cost is reversed in the period related to the termination of service.

10

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

 Class A Ordinary Shares Subject to Possible Redemption

The Public Shares contain a redemption feature
that allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder
vote or tender