Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 132

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1
Chunk 132
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/10) of one Class A Ordinary Share upon the consummation of the initial Business Combination. The Public Units were sold at
a price of $10.00 per Public Unit, generating gross proceeds to us of $230,000,000. Cantor acted as sole book runner and representative
of the underwriters.

Simultaneously with the consummation
of our Initial Public Offering and pursuant to the Private Placement Units Purchase Agreements, we completed the private sale of an aggregate
of 600,000 Private Placement Units at a purchase price of $10.00 per Private Placement Unit, to our Sponsor and Cantor generating gross
proceeds of $6,000,000.

Following the closing of our
Initial Public Offering, a total of $226,000,000 of the proceeds from the Initial Public Offering (which amount includes $10,950,000 of
the Deferred Fee) and $4,000,000 of the proceeds from the Private Placement, was placed in a U.S.-based trust account maintained by Continental,
acting as trustee. The proceeds held in the Trust Account may be invested by the trustee only in U.S. government securities with a maturity
of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under
Rule 2a-7 under the Investment Company Act. To mitigate the risk that we might be deemed to be an investment company for purposes of the
Investment Company Act, which risk increases the longer that we hold investments in the Trust Account, we may, at any time (based on the
Management Team’s ongoing assessment of all factors related to the potential status under the Investment Company Act), instruct
the trustee 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.

21

The remaining proceeds from
the Initial Public Offering and the Private Placement are held outside the Trust Account. Such funds are being used primarily to enable
us to identify a target and to negotiate and consummate our initial Business Combination.

There has been no material change
in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described in the IPO Registration Statement.
The specific investments in our Trust Account may change from time to time.

Purchases of Equity Securities by the Issuer
and Affiliated Purchasers

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4.