Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 29

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Islands (including any Special Resolution required to amend the Amended and Restated Articles 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 are not 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 Class A Ordinary Share underlying each Right upon consummation of the Business Combination. If the
Company is unable to complete the initial Business Combination within the Combination Period and the Company redeems 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.

Note
8. Fair Value Measurements

The
fair value of the Company’s financial assets and liabilities reflects Management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used