Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 60

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 60
---
 proceeds from Units sold pursuant to the underwriters’ Over-Allotment
Option). In addition, the underwriters were entitled to a deferred underwriting discount of 4.5% of the gross proceeds of the Initial
Public Offering held in the Trust Account other than those sold pursuant to the underwriters’ Over-Allotment Option and 6.5% of
the gross proceeds sold pursuant to the underwriters’ Over-Allotment Option, $10,950,000 in the aggregate, payable upon the completion
of the Company’s initial Business Combination subject to the terms of the Underwriting Agreement.

On April 4, 2025, subsequent to the closing of the Initial Public Offering,
the Company repaid all outstanding amounts under the IPO Promissory Note. Borrowings under the Note are no longer available.

12

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained
elsewhere in this Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements
that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking Statements

All statements other than statements of historical
fact included in this Report including, without limitation, statements under this Item regarding our financial position, business strategy
and the plans and objectives of Management for future operations, are forward-looking statements. When used in this Report, words such
as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions,
as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements are based on the beliefs
of our Management, as well as assumptions made by, and information currently available to, our Management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result of certain factors detailed in our filings with the SEC.
All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety
by this paragraph.

The following discussion and analysis of our financial
condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the notes thereto
included in this Report under “Item 1. Financial Statements”.

Overview

We are a blank check company incorporated in the
Cayman Islands on July 8, 2024, formed