Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 44

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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 Shares subject to possible redemption
were recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance
with ASC 480.

The Company will have only the duration of the
Combination Period to complete the initial Business Combination. However, if the Company is unable to complete its initial Business Combination
within the Combination Period, the Company will as promptly as reasonably possible but not more than ten business days thereafter, redeem
the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account (less taxes payable and up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding Public Shares, which redemption will constitute full and complete payment for the Public Shares
and completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation or other
distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims of creditors and subject
to the other requirements of applicable law.

The Sponsor, officers and directors have entered into a letter agreement
with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their Founder Shares, Private
Placement Shares and Public Shares in connection with the completion of the initial Business Combination; (ii) waive their redemption
rights with respect to their Founder Shares, Private Placement Shares and Public Shares in connection with a shareholder vote to approve
an amendment to the Company’s Amended and Restated Articles; (iii) waive their rights to liquidating distributions from the Trust
Account with respect to their Founder Shares and Private Placement Shares if the Company fails to complete the initial Business Combination
within the Combination Period, although they will be entitled to liquidating distributions from the Trust Account with respect to any
Public Shares they hold if the Company fails to complete the initial Business Combination within the Combination Period and to liquidating
distributions from assets outside the Trust Account; and (iv) vote any Founder Shares and Private Placement Shares held by them and any
Public Shares purchased during or after the Initial Public Offering (including in open market and privately negotiated transactions) in
favor of an initial Business Combination (except that any Public Shares such parties may purchase in compliance with the requirements
of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the Business Combination transaction).

The Sponsor has agreed that it