Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 109

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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 in our unaudited condensed financial statements.
These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation.
Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances,
the results of which form the basis for making judgments, and we evaluate these estimates on an ongoing basis. To the extent actual experience
differs from the assumptions used, our unaudited condensed financial statements and notes thereto included in this Report under Item
1. “Financial Statements” could be materially affected. We believe that the following accounting policies involve a higher
degree of judgment and complexity. As of September 30, 2025, we did not have any critical accounting estimates to be disclosed.

Class
A Ordinary Shares Subject to Possible Redemption

We
account for the Class A Ordinary Shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480, “Distinguishing
Liabilities from Equity”. Class A Ordinary Shares subject to mandatory redemption (if any) are classified as liability instruments
and measured at fair value. Conditionally redeemable Class A Ordinary Shares (including Class A Ordinary Shares that feature redemption
rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within
our control) are classified as temporary equity. At all other times, Class A Ordinary Shares are classified as shareholders’ equity.
All of the Public Shares feature certain redemption rights that are considered to be outside of our control and subject to the occurrence
of uncertain future events. Accordingly, Class A Ordinary Shares subject to possible redemption are presented at redemption value as
temporary equity, outside of the shareholders’ equity section of our unaudited condensed balance sheets included in this Report
under Item 1. “Financial Statements”.

Net
Income (Loss) Per Ordinary Share

We
comply with the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per
Ordinary Share is computed by dividing net income (loss) applicable to shareholders by the weighted average number of Ordinary Shares
outstanding for the applicable periods. We apply the two-class method in calculating earnings per Ordinary Share and allocate net income
(loss) pro rata to Class A Ordinary Shares subject to possible redemption, nonredeemable Class A Ordinary Shares and Class B Ordinary
Shares. Accretion associated with the redeemable Class A Ordinary Shares is excluded from earnings per share as the redemption