Company: SZZL
Filing Date: 2025-03-14
Form Type: S-1
Source: 0001213900-25-024211
Chunk: 5

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-03-14
Form: S-1
Chunk 5
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 addition, if the non -managingsponsor investors purchase units in this offering, the non -managingsponsor investors would not have any obligation to vote any of their public shares in favor of our initial business combination. Nevertheless, the non -managingsponsor investors would be incentivized to vote any of their public shares, if any, in favor of a business combination due to their indirect ownership through the sponsor of founder shares, Class A ordinary shares and private placement rights issued as part of the private placement units. For a discussion of certain additional arrangements with the non -managingsponsor investors, see “ Summary — The Offering .” Our sponsor has purchased an aggregate of 7,666,667 Class B ordinary shares, for an aggregate of $25,000 ($0.003 per share), up to 1,000,000 of which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriters’ over -allotmentoption is exercised, which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination, or earlier at the option of the holders thereof on a one -for -onebasis, subject to the adjustments described herein. Because our sponsor acquired the Class B ordinary shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering. Further, the Class A ordinary shares issuable in connection with the conversion of the Class B ordinary shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our Class B ordinary shares that may result in an issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion of the Class B ordinary shares. In the case that additional Class A ordinary shares, or equity -linkedsecurities (as described herein), are issued or deemed issued in excess of the amounts issued in this offering and related to the closing of our initial business combination, the ratio at which the Class B ordinary shares will convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti -dilutionadjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) all Class A ordinary shares issued and outstanding upon the completion of this