Sizzle Acquisition II, the second blank check company formed by Salis Holdings targeting restaurant and hospitality, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Washington D.C.-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to one-tenth of a share of common stock. At the proposed deal size, Sizzle Acquisition II would command a market value of $273 million.
The company is led by CEO and Chairman Steve Salis and non-executive Vice Chairman Jamie Karson, who currently serve as CEO and Chairman and Executive Chairman of investment company Salis Holdings.
The team's previous SPAC, Sizzle Acquisition, merged with European mineral mining company European Lithium to form Critical Metals (CRML) in February 2024.
The Washington, DC-based company was founded in 2024 and plans to list on the Nasdaq under the symbol SZZL. Cantor Fitzgerald is the sole bookrunner on the deal.
