Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 9

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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”), with Continental Stock Transfer
& Trust Company (“Continental”) acting as trustee. The funds in the Trust Account funds were initially invested in U.S.
government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7
under the Investment Company Act, which invest only in direct U.S. government treasury obligations. The holding of these assets in this
form is intended to be temporary and for the sole purpose of facilitating the intended Business Combination. To mitigate the risk that
the Company might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that
the Company holds investments in the Trust Account, the Company may, at any time (based on Management’s ongoing assessment of all
factors related to the Company’s potential status under the Investment Company Act), instruct Continental to liquidate the investments
held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing demand deposit account
at a bank. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its
taxes, if any, the proceeds from the Initial Public Offering and the Private Placement will not be released from the Trust Account until
the earliest of (i) the completion of the initial Business Combination, (ii) the redemption of the Public Shares if the Company is unable
to complete the initial Business Combination by April 3, 2027, 24 months from the closing of the Initial Public Offering or by such earlier
liquidation date as the Company’s board of directors may approve (the “Combination Period”), subject to applicable
law, or (iii) the redemption of the Public Shares properly submitted in connection with a shareholder vote to amend the Company’s
amended and restated memorandum and articles of association (the “Amended and Restated Articles”) to modify (1) the substance
or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100%
of the Public Shares if the Company has not consummated an initial Business Combination within the Combination Period or (2) any other
material provisions relating to the rights of holders of Class A Ordinary Shares or pre-initial Business Combination activity. The proceeds
deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority
over the claims of the holders of the Public Shares