Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 43

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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 factors related to the potential status under the Investment Company Act), instruct the trustee to liquidate
the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand
deposit account at a bank. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company
to pay its taxes, if any, the proceeds from the Initial Public Offering and the sale of the Private Placement Units will not be released
from the Trust Account until the earliest of (i) the completion of the Company’s initial Business Combination, (ii) the redemption
of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within the Combination Period,
subject to applicable law, or (iii) the redemption of the Company’s Public Shares properly submitted in connection with a shareholder
vote to amend the Company’s Amended and Restated Articles to (A) modify the substance or timing of the Company’s obligation
to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s Public Shares if the
Company has not consummated an initial Business Combination within the Combination Period or (B) with respect to any other material provisions
relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could
become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s
Public Shareholders. 

5

The Company will provide the Company’s Public
Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination
either (i) in connection with a general meeting called to approve the initial Business Combination or (ii) without a shareholder vote
by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination
or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their
shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two
business days prior to the consummation of the initial Business Combination, including interest earned on the funds held in the Trust
Account (less taxes payable), divided by the number of then outstanding Public Shares. The amount in the Trust Account is initially valued
at $10.00 per Public Share.

The Ordinary