Sizzle Acquisition II, the second blank check company formed by Salis Holdings targeting restaurant and hospitality, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
The company is led by CEO and Chairman Steve Salis and non-executive Vice Chairman Jamie Karson, who currently serve as CEO and Executive Chairman of investment company Salis Holdings, respectively.
The team's previous SPAC, Sizzle Acquisition, merged with European mineral mining company European Lithium to form Critical Metals (CRML; -86% from $10 offer price) in February 2024.
Sizzle Acquisition II plans to list on the Nasdaq under the symbol SZZLU. Cantor Fitzgerald acted as sole bookrunner on the deal.
