Company: SZZL
Filing Date: 2025-03-28
Form Type: S-1/A
Source: 0001013762-25-004157
Chunk: 154

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-03-28
Form: S-1/A
Chunk 154
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 investors in this offering. NTBV per share is determined by dividing our NTBV, which is our total tangible assets less total liabilities (including the value of Class A ordinary shares that may be redeemed for cash), by the number of outstanding Class A ordinary shares. The below calculations (A) assume that (i) no ordinary shares are issued to shareholders of a potential business combination target as consideration or issuable by a post -businesscombination company, for instance under an equity or employee share purchase plan, (ii) no ordinary shares and convertible equity or debt securities are issued in connection with additional financing that we may seek in connection with an initial business combination, and (iii) no working capital loans are converted into private placement units, as further described in this prospectus (however, we may need to issue ordinary shares or convertible equity or debt securities in the circumstances described above, as we intend to target an initial business combination with a target company whose enterprise value is greater than the net proceeds of the offering and the sale of private placement units) and (B) assume the issuance of 20,000,000 Class A ordinary shares (or 23,000,000 Class A ordinary shares if the over -allotmentoption is exercised in full) and 7,666,667 founder shares (up to 1,000,000 of which are assumed to be surrendered for no consideration in the scenario in which the over -allotmentoption is not exercised in full). The number of shares included in the units offered hereby will be deemed to be 20,000,000 (consisting of shares included in the units we are offering by this prospectus) (or 23,000,000shares, consisting of shares included in the units we are offering by this prospectus if the over -allotmentoption is exercised in full), and the price per share in this offering will be deemed to be $10.00. The Share Rights that are included in the units offered by this prospectus are not included in the dilution calculation below as these are issued at the time of a business combination. The issuance of additional ordinary or preference shares may significantly dilute the equity interest of investors in this offering, which dilution would even further increase if the anti -dilutionprovisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one -for-onebasis upon conversion of the Class B ordinary shares. The following table illustrates the difference between the public offering price per unit and our NTBV