SZZL
Sizzle Acquisition Corp. II10.17
+0.00+0%
Dec 15, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
317.83MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-K
FY2025 results
Sizzle Acquisition Corp. II, a blank check company, generated no operating revenues in FY2025 ended December 31, 2025, posting net income of $6.5M driven entirely by $7.0M interest on its $237M Trust Account balance (up from $230M IPO proceeds). Q4 saw Trust growth to $10.30/share redemption value, reflecting steady interest accrual with no redemptions or outflows. No quarterly breakdowns disclosed; operating costs hit $537k annually. Cash outside Trust: $805k. No buybacks, dividends, or debt. Must complete business combination by April 2027. Sponsor controls 26% via founder shares. Failure to deal-hunt risks liquidation.
10-Q
Q3 FY2025 results
Sizzle Acquisition Corp. II posted Q3 net income of $2.3M, driven by $2.4M in Trust Account interest that swamped $145K operating costs—up sharply from pre-IPO losses. Nine-month net income hit $4.3M on $4.7M interest, with Trust at $234.7M ($10.20/share) and outside cash at $936K. No debt; $11M deferred underwriting fee awaits deal close. Solid liquidity funds the hunt. No Business Combination yet. Time ticks toward April 2027 deadline.
10-Q
Q2 FY2025 results
Sizzle Acquisition Corp. II posted net income of $2.1M for Q2 FY2025 ended June 30, 2025, driven by $2.3M in interest from its Trust Account, offsetting $0.2M in formation costs—its first full quarter post-IPO. The company raised $230M in April via 23M public units at $10 each, plus $6M in private placements, parking $230M in trust for a business combination by April 2027. Cash outside trust stands at $1.1M, with no debt and ample working capital of $0.95M to hunt targets. No non-GAAP metrics disclosed in the 10-Q. Solid liquidity buoys the hunt. Yet Nasdaq's 36-month merger deadline looms large.
8-K
SPAC enables separate trading
Sizzle Acquisition Corp. II announced on May 20, 2025, that unit holders can separate and trade Class A ordinary shares and rights starting May 23, 2025, on Nasdaq under symbols SZZL and SZZLR, while unseparated units remain SZZLU. This move boosts liquidity for investors awaiting the SPAC's business combination in sectors like restaurants and tech. Forward-looking statements highlight potential deals, yet risks loom from market uncertainties.
10-Q
Q1 FY2025 results
Sizzle Acquisition Corp. II posted a modest $42,127 net loss for Q1 2025 ended March 31, driven by general and administrative costs with no revenue yet as a pre-combination SPAC. The operating loss matched the net loss exactly, reflecting zero interest or tax impacts. Cash stayed flat at zero, funded by a $261,705 related-party promissory note that was fully repaid post-quarter after the April 3 IPO, which raised $230 million in gross proceeds placed into trust. No free cash flow or debt beyond the note; non-GAAP metrics not disclosed in the 10-Q. The IPO's full over-allotment exercise bolstered the trust without forfeiture risks. Yet liquidity tightens if no deal materializes by April 2027.
CCII
Cohen Circle Acquisition Corp.
10.23-0.03
CNDA
Concord Acquisition Corp II
11.42+0.00
EVAC
EQV Ventures Acquisition Corp.
10.01+0.01
KFII
K&F Growth Acquisition Corp. II
10.31+0.00
NTWO
Newbury Street II Acquisition C
10.41+0.02
OYSE
Oyster Enterprises II Acquisiti
10.07-0.03
POLE
Andretti Acquisition Corp. II
10.50-0.02
SDHI
Siddhi Acquisition Corp
10.25+0.00
SPKL
Spark I Acquisition Corp.
11.23+0.08
SVII
Spring Valley Acquisition Corp.
12.70+0.00