Sizzle Acquisition Corp II (NASDAQ: SZZL) is a blank-check special purpose acquisition company (SPAC) incorporated to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company generates no operating revenue; its economic model centers on deploying IPO proceeds held in trust toward an initial Business Combination, with the Sponsor and founders retaining Class B Ordinary Shares that convert into Class A Ordinary Shares upon deal close. Sizzle Acquisition Corp II completed its IPO on April 3, 2025, underwritten by Cantor Fitzgerald and Co., listing Public Units, Public Shares, and Public Rights on the Nasdaq Global Market under symbols SZZLU, SZZL, and SZZLR, respectively. The redemption price was approximately $10.30 per Public Share as of December 31, 2025. No cash dividends have been paid, and the company has stated it does not intend to pay dividends prior to completing its initial Business Combination. Nasdaq rules require the Business Combination to be completed within 36 months of the IPO effective date.

Revenue model

No operating revenue as of December 31, 2025. IPO proceeds are held in trust; the company earns interest on trust assets pending a Business Combination. Post-combination revenue and earnings depend entirely on the acquired target.

Products and services

Class A Ordinary Shares (SZZL), Public Rights (SZZLR), and Public Units (SZZLU) listed on Nasdaq. Units consist of one Public Share and one Public Right. Founder Shares (Class B Ordinary Shares) convert into Class A Ordinary Shares at or after Business Combination close, subject to anti-dilution adjustment to represent 25% of post-IPO total ordinary shares outstanding.

Customers and end markets

Public shareholders who participated in the April 2025 IPO or purchased shares in the open market thereafter. As of March 12, 2026, there were three holders of record of Units, one holder of record of Class A Ordinary Shares, one holder of record of Class B Ordinary Shares, and one holder of record of Rights.

Value-chain role

SPAC vehicle designed to source, evaluate, and acquire a private operating business, providing that business a path to public markets. Strategic advisors include Michael Kuchta, with a background in lower middle market acquisitions in laboratory services and energy sectors. Non-Executive Vice Chairman Jamie Karson brings experience from SPAC predecessor Sizzle I (business combination completed February 2024) and prior roles in consumer brands and multi-platform holding companies.

Source: SEC 10-K, filed 2026-03-12

Industry: Blank Checks