Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 28

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 deemed issued, in connection with the closing of the initial Business Combination (excluding any shares or equity-linked securities
issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued to the Sponsor
or any of its affiliates or to the Company’s officers or directors upon conversion of any Working Capital Loans made to the Company)
and (iii) minus any redemptions of Public Shares by Public Shareholders in connection with an initial Business Combination; provided
that such conversion of Founder Shares will never occur on a less than one-for-one basis.

15

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Holders
of the Ordinary Shares are entitled to one vote for each share held on all matters to be voted on by shareholders. Unless specified in
the Amended and Restated Articles or as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules, an
ordinary resolution under Cayman Islands law and the Amended and Restated Articles, which requires the affirmative vote of at least a
simple majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by
proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by the Company’s shareholders.
Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are
allowed, by proxy at the applicable general meeting (a “Special Resolution”), and pursuant to the Amended and Restated Articles,
such actions include amending the Amended and Restated Articles and approving a statutory merger or consolidation with another company.
There is no cumulative voting with respect to the appointment of directors, meaning, following the initial Business Combination, the
holders of more than 50% of the Ordinary Shares voted for the appointment of directors can appoint all of the directors. Prior to the
consummation of the initial Business Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on
the appointment and removal of directors and (ii) are entitled to vote on continuing the Company in a jurisdiction outside the Cayman