Sizzle Acquisition, a blank check company formed by Salis Holdings targeting restaurant, hospitality, and other businesses, raised $135 million by offering 13.5 million units at $10. The company offered 1 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Steve Salis, the founder and CEO of multi-brand, multi-platform holding company Salis Holdings and a co-founder and former CEO of &pizza, and Vice Chairman Jamie Karson, the Executive Chairman of Salis Holdings. The company plans to target the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries such as "proptech."
Sizzle Acquisition plans to list on the Nasdaq under the symbol SZZLU. Cantor Fitzgerald acted as sole bookrunner on the deal.
