StockNews.AI
SZZLU
StockNews.AI
138 days

Sizzle Acquisition Corp. II Completes $230,000,000 Initial Public Offering

1. Sizzle Acquisition Corp. II raised $230 million in its IPO. 2. Units consist of one Class A share and a right to receive another share. 3. The company targets various industries for future acquisitions. 4. Management team includes experienced leaders from multiple sectors. 5. Units traded on Nasdaq under symbol SZZLU since April 2, 2025.

M&A
0%Current Return
VS
-5.85%S&P 500
$20.8804/03 05:19 PM EDTEvent Start
$20.8804/04 11:30 PM EDTLatest Updated
6m saved
Insight
Article

FAQ

Why Bullish?

The successful IPO and substantial raise may boost investor confidence, similar to other SPACs that spiked post-IPO.

How important is it?

The IPO's success enhances visibility and liquidity for SZZLU, fostering interest from investors.

Why Short Term?

Initial trading post-IPO tends to influence short-term price movements significantly.

Related Companies

SZZLSZZLR
April 03, 2025 17:03 ET  | Source: Sizzle Acquisition Corp. II Each Unit Includes One Class A Ordinary Share andOne Share Right to Receive 1/10th of a Class A Ordinary Share New York, NY, April 03, 2025 (GLOBE NEWSWIRE) -- Sizzle Acquisition Corp. II (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a price of $10.00 per unit, resulting in gross proceeds of $230,000,000. The units began trading on the Nasdaq Global Market (“Nasdaq”) on April 2, 2025 under the ticker symbol “SZZLU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. An amount equal to $10.00 per unit was deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “SZZL” and “SZZLR,” respectively. The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on the industries of restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, real estate industries such as “proptech”, mining, professional sports teams, airlines and technology, including sectors that service or are connected to these industries in the United States and other developed countries. The Company intends to pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team. The Company’s management team is led by Steve Salis, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), Jamie Karson, its Non-Executive Vice-Chairman of the Board and Daniel Lee, its Chief Financial Officer and Head of Business and Corporate Development. The Board also includes Neil Leibman, Warren Thompson and David Perlin. Cantor Fitzgerald & Co. acted as sole book-running manager for the offering. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on April 1, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Company Contact: Sizzle Acquisition Corp. IISheena Lajoie sl@sizzlespac.com

Related News