Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 35

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 from
Nasdaq. Our Sponsor may also, in its discretion, consider selling its interest in our Company to another sponsor entity, which may result
in a change to our Management Team.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities since July 8, 2024 (inception) through
September 30, 2025, have been (i) organizational activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying
and evaluating prospective acquisition candidates and activities in connection with the initial Business Combination. We will not generate
any operating revenues until after completion of our initial Business Combination. We have generated non-operating income in the form
of interest income on investments held in the Trust Account after the Initial Public Offering. We expect to incur increased expenses
as a result of being a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well
as for due diligence expenses.

20

For
the three months ended September 30, 2025, we had net income of $2,289,200, which consists of interest income earned on marketable securities
held in the Trust Account of $2,434,162, partially offset by operating costs of $144,962.

For
the nine months ended September 30, 2025, we had a net income of $4,320,479, which consists of interest income earned on marketable securities
held in the Trust Account of $4,714,504, partially offset by operating costs of $394,025.

For
the July 8, 2024 (inception) through September 30, 2024, we had a net loss of $51,730, which consists of operating costs.

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $230,000,000
was initially placed in the Trust Account. We incurred fees of $15,554,267, consisting of $4,000,000 of cash underwriting fee, the Deferred
Underwriting Fee of $10,950,000, and $604,267 of other offering costs.

For
the nine months ended September 30, 2025, cash used in operating activities was $470,303, with a net income of $4,320,479 that