Sizzle Acquisition Corp. II Announces $200M IPO Pricing
Deal News | Apr 01, 2025 | EIN
Sizzle Acquisition Corp. II has announced the pricing for its initial public offering (IPO) at $10 per unit, with a total offering of 20 million units, amounting to $200 million. These units will trade on the Nasdaq Global Market under the ticker 'SZZLU', effective April 2, 2025. Each unit comprises one Class A ordinary share and a right to acquire an additional one-tenth of a Class A share upon completing an initial business combination. Proceeds from the sale will be held in trust. The company, branded as a blank check entity, seeks mergers, share exchanges, or other such combinations with businesses across a spectrum of industries, especially in restaurant, hospitality, and technology sectors. The offering, managed by Cantor Fitzgerald & Co., is contingent upon specific closing conditions and includes an option to purchase up to 3 million more units. The IPO's registration has been facilitated by the U.S. Securities and Exchange Commission, effective April 1, 2025.
Sectors
- Financial Services
- Hospitality and Food Services
- Technology
Geography
- United States – The IPO, managed by Cantor Fitzgerald & Co., is filed with the U.S. SEC, highlighting its relevance to the U.S. market.
Industry
- Financial Services – Sizzle Acquisition Corp. II is conducting an IPO, a significant financial event in the capital markets sector.
- Hospitality and Food Services – The company's focus on acquiring businesses in the restaurant, hospitality, and food technology fields is noteworthy.
- Technology – A potential area for acquisition by Sizzle Acquisition Corp. II, including companies involved in technology and food-related tech.
Financials
- $200,000,000 – Total proceeds from the initial public offering.
- $10.00 per unit – Price per unit in the IPO.
- 20,000,000 units – Total number of units offered during the IPO.
- 3,000,000 units – Additional units available for underwriting over-allotments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sizzle Acquisition Corp. II | Issuing Company | Company | A blank check company aimed at acquisitions. |
| Cantor Fitzgerald & Co. | Underwriter | Company | Acts as the sole book-running manager for the IPO. |
| Steve Salis | CEO and Chairman | Person | Leads the management team of Sizzle Acquisition Corp. II. |
| Jamie Karson | Non-Executive Vice-Chairman | Person | Part of the board leadership team. |
| Daniel Lee | CFO and Head of Business and Corporate Development | Person | Responsible for financial operations and corporate development. |
| Neil Leibman | Board Member | Person | Serves on the board of directors of Sizzle Acquisition Corp. II. |
| Warren Thompson | Board Member | Person | Serves on the board of directors of Sizzle Acquisition Corp. II. |
| David Perlin | Board Member | Person | Serves on the board of directors of Sizzle Acquisition Corp. II. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory Authority | Government | Facilitated the registration and approval of the IPO. |