Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 4

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
 pursuant to the full exercise of the underwriters’ Over-Allotment Option; consequently
the 1,000,000 Class B Ordinary Shares are no longer subject to forfeiture.

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

SIZZLE ACQUISITION CORP. II

UNAUDITED CONDENSED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2025

    Cash Flows from Operating Activities: 

    Net income 
    $2,031,279 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Operating costs paid through IPO Promissory Note – related party 
     20,567 
  
    Income earned on marketable securities held in Trust Account 
     (2,280,342)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (6,100)
  
    Long-term prepaid insurance 
     (151,728)
  
    Accrued expenses 
     64,118 
  
    Net cash used in operating activities 
     (322,206)

    Cash Flows from Investing Activities: 

       Investment of cash into Trust Account 
     (230,000,000)
  
    Net cash used in investing activities 
     (230,000,000)

    Cash Flows from Financing Activities: 

       Proceeds from sale of Public Units, net of underwriting discounts paid 
     226,000,000 
  
       Proceeds from sale of Private Placement Units 
     5,984,985 
  
       Repayment of IPO Promissory Note - related party 
     (306,752)
  
       Payment of offering costs 
     (239,750)
  
    Net cash provided by financing activities 
     231,438,483 

    Net Change in Cash 
     1,116,277 
  
    Cash, beginning of the period 
     — 
  
    Cash, end of the period 
    $1,116,277 

    Noncash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $56,422 
  
    Deferred offering costs paid through IPO Promissory Note – related party 
    $158,635 
  
    Prepaid services