Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 67

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 67
---
, 2025, the Class A Ordinary Shares
subject to possible redemption reflected in the accompanying condensed balance sheets are reconciled in the following table:

    Gross proceeds 
    $230,000,000 
  
    Less: 

    Proceeds allocated to Public Rights 
     (3,404,000)
  
    Class A Ordinary Shares issuance costs 
     (15,308,928)
  
    Plus: 

    Remeasurement of carrying value to redemption value 
     18,712,928 
  
    Class A Ordinary Shares subject to possible redemption, April 3, 2025 
     230,000,000 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
     2,280,342 
  
    Class A Ordinary Shares subject to possible redemption, June 30, 2025 
     232,280,342 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
     2,434,162 
  
    Class A Ordinary Shares subject to possible redemption, September 30, 2025 
    $234,714,504 

11

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

Recent
Accounting Pronouncements

In
November 2023, the FASB issued Accounting Standards Update (“ASU”) Topic 2023-07, “Segment Reporting (Topic 280): Improvements
to Reportable Segment Disclosures” (“ASU 2023-07”). The amendments in ASU 2023-07 require disclosures, on an annual
and interim basis, of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”),
as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss. ASU 2023-07 requires
that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment
profit or loss in assessing segment performance and deciding how to allocate resources. Public entities are required to provide all annual
disclosures currently required by FASB ASC Topic 280, “Segment Reporting” (“ASC 280”), in interim periods, and
entities with a single reportable segment are required to provide all the disclosures required by the amendments