Company: SZZL
Filing Date: 2025-03-26
Form Type: S-1/A
Source: 0001013762-25-002824
Chunk: 100

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-03-26
Form: S-1/A
Chunk 100
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 arise in determining whether a particular business combination target is appropriate for our initial business combination. On July 16, 2024, our sponsor paid $25,000, or approximately $0.003 per share, to cover certain of our offering costs in exchange for 7,666,667 founder shares. Prior to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 23,000,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering (including any Class A ordinary shares issued pursuant to the underwriters’ over -allotmentoption and excluding the securities underlying the Share Rights and the private placement units). Our public shareholders may incur material dilution due to such anti -dilutionadjustments that result in the issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion of the Class B ordinary shares. Up to 1,000,000 of the founder shares will be surrendered for no consideration depending 64 on the extent to which the underwriters’ over -allotmentis exercised. The founder shares will be worthless if we do not complete an initial business combination, except to the extent they receive liquidating distributions from assets outside of the trust account. In addition, our sponsor and Cantor, the representative of the underwriters, have committed to purchase an aggregate of 600,000 private placement units (whether or not the underwriters’ over -allotmentoption is exercised) at a price of $10.00 per unit, or $6,000,000 in the aggregate, in the private placement. Of those 600,000 private placement units, our sponsor has agreed to purchase 400,000 private placement units and Cantor has agreed to purchase 200,000 private placement units. The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of sponsor membership interests, an aggregate of 345,000 private placement units at a price of $10.00 per unit ($3,450,000 in the aggregate) in the private placement. Subject to each non -manag