Sizzle Acquisition Corp. II Completes $230,000,000 Initial Public Offering
Sizzle Acquisition Corp. II has successfully completed its initial public offering (IPO) raising $230 million through the sale of 23 million units at $10.00 per unit, including 3 million units from the underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one Share Right to receive 1/10th of a Class A ordinary share upon business combination completion. The units trade on Nasdaq under 'SZZLU', with the shares and rights to later trade as 'SZZL' and 'SZZLR' respectively.
As a blank check company, Sizzle II aims to pursue business combinations in sectors including restaurant, hospitality, food and beverage, retail, consumer, proptech, mining, professional sports, airlines and technology. The company is led by CEO Steve Salis, with Jamie Karson as Non-Executive Vice-Chairman and Daniel Lee as CFO.
Sizzle Acquisition Corp. II ha completato con successo la sua offerta pubblica iniziale (IPO), raccogliendo 230 milioni di dollari attraverso la vendita di 23 milioni di unità a 10,00 dollari per unità, incluse 3 milioni di unità dall'opzione di over-allotment degli underwriter.
Ciascuna unità comprende una azione ordinaria di Classe A e un diritto di azione per ricevere 1/10 di un'azione ordinaria di Classe A al termine della combinazione aziendale. Le unità sono quotate su Nasdaq con il simbolo 'SZZLU', mentre le azioni e i diritti verranno successivamente scambiati come 'SZZL' e 'SZZLR' rispettivamente.
In quanto società di assegno in bianco, Sizzle II mira a perseguire combinazioni aziendali in settori tra cui ristorazione, ospitalità, alimenti e bevande, vendita al dettaglio, consumatori, proptech, estrazione mineraria, sport professionistici, compagnie aeree e tecnologia. L'azienda è guidata dal CEO Steve Salis, con Jamie Karson come Vice-Presidente Non Esecutivo e Daniel Lee come CFO.
Sizzle Acquisition Corp. II ha completado con éxito su oferta pública inicial (IPO), recaudando 230 millones de dólares a través de la venta de 23 millones de unidades a 10,00 dólares por unidad, incluyendo 3 millones de unidades de la opción de sobreasignación de los suscriptores.
Cada unidad comprende una acción ordinaria de Clase A y un derecho de acción para recibir 1/10 de una acción ordinaria de Clase A al finalizar la combinación empresarial. Las unidades se cotizan en Nasdaq bajo el símbolo 'SZZLU', mientras que las acciones y los derechos se negociarán posteriormente como 'SZZL' y 'SZZLR' respectivamente.
Como empresa de cheque en blanco, Sizzle II tiene como objetivo buscar combinaciones empresariales en sectores que incluyen restaurantes, hospitalidad, alimentos y bebidas, venta al por menor, consumo, proptech, minería, deportes profesionales, aerolíneas y tecnología. La empresa está dirigida por el CEO Steve Salis, con Jamie Karson como Vicepresidente No Ejecutivo y Daniel Lee como CFO.
Sizzle Acquisition Corp. II는 상장공모(IPO)를 성공적으로 완료하여 2억 3천만 달러를 모금했습니다. 이는 1개당 10.00달러에 2300만 개의 유닛을 판매한 결과이며, 여기에는 인수자들의 초과 배정 옵션으로부터의 300만 개의 유닛이 포함됩니다.
각 유닛은 1개의 클래스 A 보통주와 사업 결합 완료 시 1/10의 클래스 A 보통주를 받을 수 있는 주식 권리를 포함합니다. 유닛은 Nasdaq에서 'SZZLU'로 거래되며, 주식과 권리는 각각 'SZZL' 및 'SZZLR'로 나중에 거래될 예정입니다.
빈 수표 회사인 Sizzle II는 레스토랑, 환대, 식음료, 소매, 소비자, proptech, 광업, 프로 스포츠, 항공사 및 기술 분야에서 사업 결합을 추구하는 것을 목표로 하고 있습니다. 이 회사는 CEO Steve Salis가 이끌고 있으며, Jamie Karson은 비상임 부회장, Daniel Lee는 CFO로 활동하고 있습니다.
Sizzle Acquisition Corp. II a réussi à réaliser son introduction en bourse (IPO), levant 230 millions de dollars grâce à la vente de 23 millions d'unités à 10,00 dollars par unité, y compris 3 millions d'unités de l'option de surallocation des souscripteurs.
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'entreprises. Les unités sont échangées sur le Nasdaq sous le symbole 'SZZLU', tandis que les actions et les droits seront échangés plus tard sous les symboles 'SZZL' et 'SZZLR' respectivement.
En tant que société de chèque en blanc, Sizzle II vise à rechercher des combinaisons d'entreprises dans des secteurs tels que la restauration, l'hôtellerie, l'alimentation et les boissons, le commerce de détail, les biens de consommation, le proptech, l'exploitation minière, le sport professionnel, les compagnies aériennes et la technologie. L'entreprise est dirigée par le PDG Steve Salis, avec Jamie Karson en tant que vice-président non exécutif et Daniel Lee en tant que CFO.
Sizzle Acquisition Corp. II hat erfolgreich ihr Initial Public Offering (IPO) abgeschlossen und 230 Millionen Dollar durch den Verkauf von 23 Millionen Einheiten zu je 10,00 Dollar pro Einheit gesammelt, einschließlich 3 Millionen Einheiten aus der Überzeichnungsoption der Underwriter.
Jede Einheit besteht aus einer Klasse A Stammaktie und einem Aktienrecht, um 1/10 einer Klasse A Stammaktie nach Abschluss der Unternehmenszusammenführung zu erhalten. Die Einheiten werden an der Nasdaq unter 'SZZLU' gehandelt, während die Aktien und Rechte später als 'SZZL' und 'SZZLR' gehandelt werden.
Als Blankoscheckgesellschaft hat Sizzle II das Ziel, Unternehmenszusammenschlüsse in Sektoren wie Gastronomie, Gastgewerbe, Lebensmittel und Getränke, Einzelhandel, Konsumgüter, Proptech, Bergbau, Profisport, Fluggesellschaften und Technologie zu verfolgen. Das Unternehmen wird von CEO Steve Salis geleitet, mit Jamie Karson als nicht geschäftsführendem Vizevorsitzenden und Daniel Lee als CFO.
- Successful IPO raising $230 million in gross proceeds
- Full exercise of over-allotment option by underwriters
- 100% of proceeds ($10.00 per unit) held in trust
- Listing on major exchange (Nasdaq Global Market)
- No specific acquisition target identified yet
- Broad and diverse target industry focus may increase search complexity
- Shareholders face uncertainty until business combination is completed
Insights
Sizzle Acquisition Corp. II's successful $230 million IPO represents a significant capital raise for this SPAC, with several positive indicators worth noting. The full exercise of the 3,000,000 unit over-allotment option signals strong initial demand from investors and demonstrates confidence in the management team's acquisition strategy.
The SPAC's structure follows standard market practice with units priced at
What distinguishes this SPAC is its targeted focus on high-growth consumer sectors including restaurant, hospitality, food and beverage, retail, and adjacent technology. The management team brings relevant industry expertise, with CEO Steve Salis and Non-Executive Vice-Chairman Jamie Karson providing leadership alongside a board featuring experienced business operators.
For investors evaluating this opportunity, the key consideration is the 24-month timeframe this SPAC typically has to identify and complete an acquisition. With significant dry powder and a defined sector focus, Sizzle II enters a competitive but potentially rewarding SPAC market where successful deals remain possible despite the overall cooling in the SPAC space compared to the 2020-2021 boom period.
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 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
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
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. II
Sheena Lajoie
sl@sizzlespac.com
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