Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 13

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging
growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison
of the accompanying unaudited condensed financial statements with another public company that is neither an (i) emerging growth company
nor (ii) an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the
potential differences in accounting standards used.  

Use of Estimates

The preparation of financial statements in conformity
with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the accompanying unaudited condensed financial statements and the reported amounts
of expenses during the reporting period.

Making estimates requires Management to exercise
significant judgment. 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 accompanying 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 differ significantly
from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had $1,116,277 and $0, respectively,
and no cash equivalents as of June 30, 2025, and December 31, 2024.

8

SIZZLE ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Investments Held in Trust Account

As of June 30, 2025, and December 31, 2024, the
assets held in the Trust Account, amounting to $232,280,342 and $0, were held in money market funds that are invested primarily in U.S.
government securities. The Company accounts for its investments as trading securities under FASB ASC Topic 320, “Investments—Debt
and Equity Securities”, where securities are presented at fair value on the accompanying condensed balance sheets. Gains and losses
resulting from the change in fair value of investments held in the Trust Account are included in income earned on marketable securities
held in the Trust Account