Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 17

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 volatility in the financial markets, many of which are beyond the Company’s control. The Company’s results of operations
and its ability to consummate an initial Business Combination could be impacted by, among other things, downturns in the financial markets
or in economic conditions, increases in oil prices, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions,
declines in consumer confidence and spending, public health considerations, and geopolitical instability, such as the military conflicts
in Ukraine and the Middle East. The Company cannot at this time predict the likelihood of one or more of the above events, their duration
or magnitude or the extent to which they may negatively impact the Company’s business and its ability to complete an initial Business
Combination.

Registration Rights

The holders of the Founder Shares, Private Placement Units (and its component
securities) issued in the Private Placement and that may be issued upon conversion of the Working Capital Loans will have registration
rights to require the Company to register a sale of any of the Company’s securities held by them and any other securities of the
Company acquired by them prior to the consummation of the initial Business Combination pursuant to a registration rights agreement signed
on the effective date of the Initial Public Offering. The holders of these securities are entitled to make up to three demands, excluding
short form demands, that the Company registers such securities. In addition, the holders have certain “piggyback” registration
rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will
bear the expenses incurred in connection with the filing of any such registration statements. 

Underwriters’ Agreement

The underwriters have a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,000,000 Option Units to cover over-allotments, if any. On April
3, 2025, the underwriters elected to fully exercise their Over-Allotment Option to purchase the Option Units at a price of $10.00 per
Unit.

The underwriters were entitled to a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering, excluding any proceeds from Units
sold pursuant to the underwriters’ Over-Allotment Option), which was paid at the closing of the Initial Public Offering. Additionally,
the underwriters were entitled to a deferred underwriting discount of 4.5% of the gross proceeds of