Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 21

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, Management has determined that the Company only has one operating segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the condensed statement of operations as net
income or loss. When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews
several key metrics, which include the following:

    For the Three
 Months ended
 March 31,
 2025 
  
    General and administrative costs 
    $42,127 

General and formation costs are reviewed and monitored
by the CODM to manage and forecast cash to ensure enough capital is available to complete a Proposed Public Offering and eventually a
Business Combination within the Combination Period. The CODM also reviews general and formation costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget.

NOTE 9. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and
transactions that occurred after the balance sheets date up to May 15, 2025, the date that the unaudited condensed financial
statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events
that would have required adjustment or disclosure in the unaudited condensed financial statements.

On April 3, 2025, the Company consummated the
Initial Public Offering of 23,000,000 Units, which includes the full exercise by the underwriters of their Over-Allotment Option in the
amount of 3,000,000 Option Units, at $10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously with the closing of the
Initial Public Offering, the Company consummated the sale of 600,000 Private Placement Units to the Sponsor and Cantor, at a price of
$10.00 per Private Placement Unit, generating