Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 33

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
2024 for the purpose of effecting a Business Combination. Our
Sponsor is VO Sponsor II, LLC.

We
are not limited in our search for target businesses to a particular industry or sector for the purpose of consummating the Business Combination.
We are an early stage and emerging growth company and, as such, we are subject to all of the risks associated with early stage and emerging
growth companies. We expect to continue to incur significant costs in the pursuit of our acquisition plans. There can be no assurance
that our plans to complete a Business Combination will be successful.

Our
IPO Registration Statement became effective on April 1, 2025. On April 3, 2025, we consummated our Initial Public Offering of 23,000,000
Public Units, including 3,000,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option. Each Public Unit consists
of one Public Share and one Public Right. The Public Units were sold at a price of $10.00 per Public Unit, generating gross proceeds
to us of $230,000,000.

Simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Units Purchase Agreements, we completed the sale
of an aggregate of 600,000 Private Placement Units to the Sponsor and Cantor in the Private Placement at a purchase price of $10.00 per
Private Placement Unit, generating gross proceeds to us of $6,000,000. Of those 600,000 Private Placement Units, the Sponsor purchased
400,000 Private Placement Units and Cantor purchased 200,00 Private Placement Units. The Private Placement Units (and underlying securities) are
identical to the Public Units, except as otherwise disclosed in the IPO Registration Statement.

19

Following
the closing of the Initial Public Offering and Private Placement, an amount of $230,000,000 from the net proceeds of the Initial Public
Offering and the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as
trustee. The Trust Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of
the Investment Company Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a
money market fund selected by us meeting the conditions of paragraphs (d)(2), (d)(3) and