Company: SZZL
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044190
Chunk: 6

Company: Sizzle Acquisition Corp. II
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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. The Public Shareholders will be entitled to redeem their
shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two
business days prior to the consummation of the initial Business Combination, including interest earned on the funds held in the Trust
Account (less taxes payable), divided by the number of then outstanding Public Shares. The amount in the Trust Account is initially valued
at $10.00 per Public Share.

The Ordinary 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