Company: SZZL
Filing Date: 2025-03-28
Form Type: S-1/A
Source: 0001013762-25-004157
Chunk: 311

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-03-28
Form: S-1/A
Chunk 311
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 the units. A syndicate covering transaction is the bid for or the purchase of units on behalf of the underwriters to reduce a short position incurred by the underwriters in connection with the offering. Similar to other purchase transactions, the underwriters’ purchases to cover the syndicate short sales may have the effect of raising or maintaining the market price of our units or preventing or retarding a decline in the market price of our units. As a result, the price of our units may be higher than the price that might otherwise exist in the open market. A penalty bid is an arrangement permitting the underwriters to reclaim the selling concession otherwise accruing to a syndicate member in connection with the offering if the units originally sold by such syndicate member are purchased in a syndicate covering transaction and therefore have not been effectively placed by such syndicate member. Neither we, nor any of the underwriters make any representation or prediction as to the direction or magnitude of any effect that the transactions described above may have on the price of our units. The underwriters are not obligated to engage in these activities and, if commenced, may end any of these activities at any time. These transactions may be effected on Nasdaq, in the over -the -countermarket or otherwise. We estimate that our portion of the total expenses of this offering payable by us will be $750,000, excluding underwriting discounts and commissions. We will agree to reimburse the underwriters for certain of its out -of -pocketcosts for this offering, including, but not limited to, (i) legal fees related to the review by FINRA not to exceed $20,000 and (ii) the expenses of investigations and background checks of our principals, not to exceed $4,000 per U.S. person and $5,000 per non -U.S. person not to exceed $40,000 in the aggregate. We will agree to indemnify the several underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make because of any of those liabilities. 192 Market Making The underwriters have advised us that, following the completion of this offering, they currently intend to make a market in the units as permitted by applicable laws and regulations. However, the underwriters are not obligated to do so, and the underwriters may discontinue any market -makingactivities at any time without notice in their sole discretion. Accordingly, no assurance can be given as to the liquidity of the trading market for the units,