Sizzle Acquisition Corp. II Completes $230M IPO
Deal News | Jun 17, 2025 | EIN
Sizzle Acquisition Corp. II, a blank check company, has announced the completion of its $230 million initial public offering. The units began trading on the Nasdaq Global Market on April 2, 2025, under the ticker symbol SZZLU. Each unit consists of one share of common stock and a right to receive one-tenth of a share upon a business combination. Sizzle Acquisition Corp. II's goal is to effect a business combination with firms across sectors like hospitality, retail, and real estate in the U.S. and other developed markets. The company is led by CEO Steve Salis and has a seasoned management team and board of directors. The IPO was managed by Cantor Fitzgerald & Co.
Sectors
- Financial Services
- Hospitality and Restaurants
- Real Estate
Geography
- United States – Primary focus of Sizzle Acquisition Corp. II for identifying acquisition targets.
- Global – The company seeks business combinations within other developed markets besides the U.S.
Industry
- Financial Services – The industry involved as Sizzle Acquisition Corp. II is a financial entity specializing in acquiring businesses.
- Hospitality and Restaurants – Relevant as potential focus sectors for Sizzle Acquisition Corp. II's business combinations.
- Real Estate – Real estate, including proptech, is a targeted sector for potential acquisitions by the SPAC.
Financials
- 230,000,000 – The total amount raised in Sizzle Acquisition Corp. II's initial public offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sizzle Acquisition Corp. II | Target | Companies | A blank check company aiming to acquire firms in various sectors. |
| Steve Salis | CEO & Chairman | People | Leader of Sizzle Acquisition Corp. II guiding its strategic direction. |
| Jamie Karson | Non-Executive Vice Chairman | People | Part of the leadership team at Sizzle Acquisition Corp. II. |
| Daniel Lee | CFO & Head of Business and Corporate Development | People | Oversees financial strategy and corporate development at Sizzle. |
| Cantor Fitzgerald & Co. | Sole Book-Running Manager | Companies | Managed the IPO process for Sizzle Acquisition Corp. II. |