Company: SZZL
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075798
Chunk: 68

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any Special Resolution
required to amend the Amended and Restated Articles or to adopt new constitutional documents, in each case, as a result of the Company
approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A Ordinary Shares
are not entitled to vote on these matters during such time. These provisions of the Amended and Restated Articles may only be amended
if approved by a Special Resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of
the consummation of the initial Business Combination , two-thirds) of the votes cast by such shareholders as, being entitled to do so,
vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Rights

Except in cases where the Company is not the surviving
company in a Business Combination, each holder of a Right will automatically receive one-tenth (1/10) of one Ordinary Share upon consummation
of the initial Business Combination. The Company will not issue fractional shares in connection with an exchange of Rights. Fractional
shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman
law. In the event the Company is not the surviving company upon completion of the initial Business Combination, each holder of a Right
will be required to affirmatively convert his, her or its Rights in order to receive the one-tenth (1/10) of one Class A Ordinary Share
underlying each Right upon consummation of the Business Combination. If the Company is unable to complete the initial Business Combination
within the Combination Period and the Company redeems the Public Shares for the funds held in the Trust Account, holders of Rights will
not receive any of such funds for their Rights and the Rights will expire worthless.

Note 8. Fair Value Measurements

The fair value of the Company’s financial
assets and liabilities reflects Management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the
measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of
observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions
about how market participants