Sizzle Acquisition Corp. II Announces the Pricing of $200,000,000 Initial Public Offering
Sizzle Acquisition Corp. II has announced the pricing of its $200 million initial public offering, consisting of 20,000,000 units at $10.00 per unit. The units will trade on Nasdaq under 'SZZLU' starting April 2, 2025.
Each unit includes one Class A ordinary share and one Share Right to receive 1/10th of a Class A ordinary share upon business combination completion. The company has granted underwriters a 45-day option to purchase up to 3,000,000 additional units.
As a blank check company, Sizzle aims to pursue mergers or acquisitions in sectors including restaurant, hospitality, food and beverage, retail, consumer, proptech, mining, professional sports teams, airlines and technology. The management team is led by CEO Steve Salis, with Cantor Fitzgerald & Co. serving as the sole book-running manager.
Sizzle Acquisition Corp. II ha annunciato il prezzo della sua offerta pubblica iniziale di 200 milioni di dollari, composta da 20.000.000 di unità a 10,00 dollari per unità. Le unità saranno scambiate su Nasdaq con il simbolo 'SZZLU' a partire dal 2 aprile 2025.
Ogni unità include una azione ordinaria di Classe A e un diritto di azione per ricevere 1/10 di un'azione ordinaria di Classe A al completamento della fusione aziendale. L'azienda ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a 3.000.000 di unità aggiuntive.
Come società di assegni in bianco, Sizzle mira a perseguire fusioni o acquisizioni in settori che includono ristorazione, ospitalità, alimenti e bevande, vendita al dettaglio, consumo, proptech, mineraria, squadre sportive professionistiche, compagnie aeree e tecnologia. Il team di gestione è guidato dal CEO Steve Salis, con Cantor Fitzgerald & Co. che funge da unico gestore del libro.
Sizzle Acquisition Corp. II ha anunciado el precio de su oferta pública inicial de 200 millones de dólares, que consiste en 20.000.000 de unidades a 10,00 dólares por unidad. Las unidades se negociarán en Nasdaq bajo el símbolo 'SZZLU' a partir del 2 de abril de 2025.
Cada unidad incluye una acción ordinaria de Clase A y un Derecho de Acción para recibir 1/10 de una acción ordinaria de Clase A al completar la combinación empresarial. La compañía ha otorgado a los suscriptores una opción de 45 días para comprar hasta 3.000.000 de unidades adicionales.
Como una empresa de cheques en blanco, Sizzle tiene como objetivo perseguir fusiones o adquisiciones en sectores que incluyen restaurantes, hospitalidad, alimentos y bebidas, venta al por menor, consumo, proptech, minería, equipos deportivos profesionales, aerolíneas y tecnología. El equipo directivo está liderado por el CEO Steve Salis, con Cantor Fitzgerald & Co. actuando como el único gerente de libro.
Sizzle Acquisition Corp. II는 2억 달러 규모의 기업공개(IPO) 가격을 발표했습니다. 이 IPO는 20,000,000개의 유닛으로 구성되어 있으며, 유닛당 가격은 10.00달러입니다. 이 유닛은 Nasdaq에서 'SZZLU'라는 기호로 2025년 4월 2일부터 거래될 예정입니다.
각 유닛에는 하나의 클래스 A 보통주와 사업 결합 완료 시 클래스 A 보통주의 1/10을 받을 수 있는 주식 권리가 포함되어 있습니다. 회사는 인수인에게 3,000,000개의 추가 유닛을 구매할 수 있는 45일 옵션을 부여했습니다.
빈 체크 회사로서 Sizzle은 식당, 환대, 식음료, 소매, 소비자, 프롭테크, 광업, 프로 스포츠 팀, 항공사 및 기술 분야에서의 합병 또는 인수를 추구할 계획입니다. 경영 팀은 CEO Steve Salis가 이끌고 있으며, Cantor Fitzgerald & Co.가 단독 북 관리자로 활동합니다.
Sizzle Acquisition Corp. II a annoncé le prix de son offre publique initiale de 200 millions de dollars, composée de 20 000 000 d'unités à 10,00 dollars par unité. Les unités seront négociées sur Nasdaq sous le symbole 'SZZLU' à partir du 2 avril 2025.
Chaque unité comprend une action ordinaire de Classe A et un Droit d'Action pour recevoir 1/10 d'une action ordinaire de Classe A à l'achèvement de la combinaison d'affaires. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 3 000 000 d'unités supplémentaires.
En tant que société de chèques en blanc, Sizzle vise à poursuivre des fusions ou acquisitions dans des secteurs tels que la restauration, l'hôtellerie, l'alimentation et les boissons, le commerce de détail, la consommation, le proptech, l'exploitation minière, les équipes sportives professionnelles, les compagnies aériennes et la technologie. L'équipe de direction est dirigée par le PDG Steve Salis, avec Cantor Fitzgerald & Co. agissant en tant que gestionnaire unique du livre.
Sizzle Acquisition Corp. II hat den Preis für ihr öffentliche Angebot in Höhe von 200 Millionen US-Dollar bekannt gegeben, das aus 20.000.000 Einheiten zu je 10,00 US-Dollar besteht. Die Einheiten werden ab dem 2. April 2025 unter Nasdaq mit dem Symbol 'SZZLU' gehandelt.
Jede Einheit beinhaltet eine Stammaktie der Klasse A und ein Aktienrecht, um 1/10 einer Stammaktie der Klasse A nach Abschluss der Unternehmensfusion zu erhalten. Das Unternehmen hat den Underwritern eine 45-tägige Option gewährt, bis zu 3.000.000 zusätzliche Einheiten zu kaufen.
Als Blankoscheckgesellschaft strebt Sizzle an, Fusionen oder Übernahmen in Bereichen wie Gastronomie, Gastgewerbe, Lebensmittel und Getränke, Einzelhandel, Konsumgüter, Proptech, Bergbau, professionelle Sportteams, Fluggesellschaften und Technologie zu verfolgen. Das Managementteam wird von CEO Steve Salis geleitet, während Cantor Fitzgerald & Co. als alleiniger Buchführer fungiert.
- Substantial IPO size of $200 million indicates strong initial capitalization
- Broad target industry scope across multiple high-growth sectors
- Experienced management team with industry expertise
- 100% of IPO proceeds ($10.00 per unit) held in trust account
- No specific acquisition target identified yet
- Investors face uncertainty until business combination is completed
- Share dilution will occur through Share Rights conversion
Insights
Sizzle Acquisition Corp. II's $200 million IPO represents a standard blank check company offering in the current market. The 20 million units priced at $10.00 with the traditional one share plus one-tenth share right structure follows conventional SPAC design without any notable innovations or competitive advantages.
The company's exceptionally broad targeting mandate spanning restaurants, hospitality, food, retail, real estate, mining, sports teams, airlines, and technology suggests a lack of specialized focus. This wide-ranging approach provides flexibility but may indicate less sector-specific expertise compared to SPACs with concentrated industry targets.
The management team led by Steve Salis (CEO) and Jamie Karson (Non-Executive Vice-Chairman) will operate under typical SPAC constraints, including the standard timeline pressure to identify and complete a business combination. The 45-day overallotment option for 3 million additional units could potentially increase the offering to $230 million if fully exercised.
This offering lacks distinguishing features that would set it apart from dozens of other SPACs currently seeking acquisition targets. Investors should note that with many SPACs competing for quality merger candidates, execution capabilities of the management team becomes the critical differentiating factor in performance outcomes.
Each Unit Includes One Class A Ordinary Share and
One Share Right to Receive 1/10th of a Class A Ordinary Share
New York, NY, April 01, 2025 (GLOBE NEWSWIRE) -- Sizzle Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of
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. 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. is acting as sole book-running manager for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at prospectus@cantor.com.
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. II
Sheena Lajoie
sl@sizzlespac.com
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