Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 73

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 underlying securities) and units that may be issued
upon conversion of the Working Capital Loans (and their underlying securities), if any, (iii) any Class A Ordinary Shares issuable
upon conversion of the Founder Shares and (iv) any Class A Ordinary Shares held at the completion of the Initial Public Offering
by the holders of the Founder Shares prior to the Initial Public Offering, have registration rights to require the Company to register
a sale of any of the Company’s securities held by them and any other securities of the Company acquired by them prior to the consummation
of the initial Business Combination pursuant to the Registration Rights Agreement, dated April 1, 2025, by and among the Company and
certain security holders (the “Registration Rights Agreement”). The holders of these securities are entitled to make up to
three demands, excluding short form demands, and have piggyback registration rights. Cantor may only make a demand on one occasion and
only during the five-year period beginning on the effective date of the Initial Public Offering. In addition, Cantor may participate
in a piggyback registration only during the seven-year period beginning on the effective date of the Initial Public Offering. The Company
will bear the expenses incurred in connection with the filing of any such registration statements.

14

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Underwriting
Agreement

The
Company granted the Underwriters a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,000,000 Option
Units to cover over-allotments, if any (the “Over-Allotment Option”). On April 3, 2025, the Underwriters fully exercised
their Over-Allotment Option.

The
Underwriters were paid a cash underwriting discount of $4,000,000 (2.0% of the gross proceeds of the Public Units offered in the Initial
Public Offering, excluding any proceeds from the Option Units sold pursuant to the Over-Allotment Option), which was paid at the closing
of the Initial Public Offering. Additionally, the Underwriters are entitled to a deferred fee of (i) 4.5% of the gross proceeds of the
Initial Public Offering held in the Trust Account, other than those sold pursuant to the Over-Allotment Option, and