Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 15

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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ANCIAL STATEMENTS

SEPTEMBER
30, 2025

Making
estimates requires Management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the accompanying unaudited condensed financial statements,
which Management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly,
the actual results could differ significantly from those estimates.

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had $935,663 and $0 in cash, respectively, and no cash equivalents as of September 30, 2025 and December 31, 2024.

Investments
Held in Trust Account

As
of September 30, 2025 and December 31, 2024, the assets held in the Trust Account, amounting to $234,714,504 and $0, respectively, were
held in money market funds that are invested primarily in U.S. government securities. The Company accounts for its investments as trading
securities under FASB ASC Topic 320, “Investments—Debt and Equity Securities”, where securities are presented at fair
value on the accompanying condensed balance sheets. Gains and losses resulting from the change in fair value of investments held in the
Trust Account are included in income earned on marketable securities held in the Trust Account in the accompanying unaudited condensed
statements of operations.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution,
which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access
to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.

Offering
Costs Associated with the Initial Public Offering

The
Company complies with the requirements of FASB ASC Topic 340-10-S99, Accounting for Offering Costs”, and SEC Staff Accounting Bulletin
Topic 5A, “Expenses of Offering”. Deferred offering costs consist principally of professional and registration fees that
are related to the Initial Public Offering. FASB ASC Topic 470-20, “Debt with Conversion and Other Options,” addresses the
allocation of proceeds from