Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 107

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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 Combination or liquidation, we reimburse an affiliate of the Sponsor $15,000
per month for office space, utilities, and secretarial and administrative support pursuant to the Administrative Services Agreement.
For the three and nine months ended September 30, 2025, we incurred $45,000 and $88,000, respectively, in fees for these services, of
which such amount is included in accrued expenses in the condensed balance sheets of the financial statements included in this Report
under Item 1. “Financial Statements.”

Underwriting
Agreement

We
granted the Underwriters 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 fully exercised their Over-Allotment Option.

22

The
Underwriters were paid a cash underwriting discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public
Offering). Additionally, the Underwriters are entitled to the Deferred Fee of 4.50% of the gross proceeds of the base Initial Public
Offering held in the Trust Account and 6.50% of the gross proceeds sold pursuant to the Over-Allotment Option, which equates to $10,950,000
in the aggregate following the full exercise of the Over-Allotment Option and is payable to the Underwriters, upon the completion of
the initial Business Combination subject to the terms of the Underwriting Agreement.

Registration
Rights Agreement

The
holders of (i) the Founder Shares, (ii) the Private Placement Units and (iii) any private placement-equivalent units issued in connection
with the Working Capital Loans, if any (and in each case holders of their underlying securities, as applicable) are entitled to registration
rights pursuant to the Registration Rights Agreement, requiring us to register such securities for resale (in the case of the Founder
Shares, only after conversion to our Class A Ordinary Shares). The holders of the majority of these securities are entitled to make up
to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back”
registration rights with respect to registration statements filed subsequent to the consummation of a Business Combination and rights
to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. Cantor may