Company: SZZL
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110104
Chunk: 21

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Share
upon the consummation of an initial Business Combination.

Note
4. Private Placement

Simultaneously
with the closing of the Initial Public Offering, the Sponsor and Cantor purchased an aggregate of 600,000 Private Placement Units
at a price of $10.00 per Private Placement Unit in the Private Placement. Each Private Placement Unit consists of one Private Placement
Share and one Private Placement Right, which grants the holder the right to receive one tenth (1/10) of a Class A Ordinary Share upon
the consummation of an initial Business Combination. Of those 600,000 Private Placement Units, the Sponsor purchased 400,000 Private
Placement Units and Cantor purchased 200,000 Private Placement Units. The Private Placement Units are identical to the Public Units,
subject to certain limited exceptions.

If
the initial Business Combination is not completed within the Combination Period, the proceeds from the Private Placement held in the
Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law).

Note
5. Related Party Transactions

Founder
Shares

On
July 16, 2024, the Sponsor made a capital contribution of $25,000, or approximately $0.003 per share, through payments of offering
costs and expenses on the Company’s behalf, for which the Company issued 7,666,667 Class B Ordinary Shares to the Sponsor
(such shares, the “Founder Shares”). Up to 1,000,000 of the Founder Shares were to be surrendered by the Sponsor for no consideration
depending on the extent to which the Over-Allotment Option was exercised. On April 3, 2025, the Underwriters exercised the Over-Allotment
Option in full as part of the closing of the Initial Public Offering. As such, those 1,000,000 Founder Shares are no longer subject to
forfeiture.

12

SIZZLE
ACQUISITION CORP. II

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

On
March 27, 2025, the Sponsor granted membership interests equivalent to an aggregate of 140,000 Founder Shares to the three independent
directors of the Company in exchange for their services as independent directors through the initial Business Combination. The Founder
Shares, represented by such membership interests, will remain with the Sponsor if the holder of such membership interests