Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 27

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 assets.

Contractual Obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement to pay VO Sponsor II Management, LLC, the managing
member of the Sponsor, a monthly fee of $15,000 for office space, utilities, and secretarial and administrative support services. We began
incurring these fees on April 1, 2025 and will continue to incur these fees monthly until the earlier of the completion of the Business
Combination and our liquidation.

The underwriters were entitled to a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering, excluding any proceeds from Units
sold pursuant to the underwriters’ Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally,
the underwriters are entitled to a deferred underwriting discount of 4.5% of the gross proceeds of the Initial Public Offering held in
the Trust Account other than those sold pursuant to the underwriters’ Over-Allotment Option and 6.5% of the gross proceeds sold
pursuant to the underwriters’ Over-Allotment Option, $10,950,000 in the aggregate, payable upon the completion of the Company’s
initial Business Combination subject to the terms of the Underwriting Agreement.

14

Critical Accounting Estimates and Policies

The preparation of the unaudited condensed financial
statements and related disclosures in conformity with GAAP requires Management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements,
and income and expenses during the periods reported. Making estimates requires Management to exercise significant judgement. It is at
least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of
the unaudited condensed financial statements, which Management considered in formulating its estimate, could change in the near term due
to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates. As of March 31,
2025, we did not have any critical accounting estimates to be disclosed.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

We are a smaller reporting company as defined
by Rule 12b-2 of the Exchange Act and are not required to