Sizzle Acquisition Corp. II is a blank check company incorporated in 2024 and headquartered in Washington, D.C. The company focuses on effecting mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. Its primary industry focus encompasses restaurant, hospitality, food and beverage, retail, consumer, food and food-related technology, real estate including proptech, mining, professional sports teams, airlines, and technology sectors, primarily in the United States and other developed countries.
As a special purpose acquisition company (SPAC), Sizzle Acquisition Corp. II raises capital through public offerings to pursue acquisition targets in these sectors. It completed its initial public offering (IPO) in early 2025, raising approximately $230 million by issuing 23 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one Share Right to receive one-tenth of a Class A ordinary share upon business combination consummation. Major shareholders and key management include CEO and Chairman Steve Salis and Non-Executive Vice Chairman Jamie Karson.
In recent developments, Sizzle Acquisition Corp. II is engaged in a strategic business combination to form Critical Metals Corp. through a merger with European Lithium Ltd. This newly formed entity focuses on lithium mining and battery-grade lithium hydroxide production from the Wolfsberg Lithium Project in Austria. This project is poised to become Europe’s first licensed lithium mine, targeting annual production of approximately 10,500 metric tons of lithium concentrate by 2025, which supports electric vehicle battery supply chains. The deal includes a binding long-term lithium offtake agreement with BMW and a joint venture for a hydroxide plant in Saudi Arabia with Obeikan Investment Group. This strategic pivot integrates Sizzle Acquisition Corp. II into the critical minerals and sustainable energy supply chain sectors under the new Nasdaq ticker symbol CRML.
Sizzle Acquisition Corp. II operates as a publicly traded entity on the NASDAQ exchange under the ticker SZZL. Its operations span acquisition and business combination activities across multiple growth sectors related to food service, consumer goods, real estate technology, mining, and professional sports, leveraging management expertise and strategic partnerships to drive value creation. The company continues to pursue acquisition targets that align with its diversified industry focus and offers investors exposure to emerging and established markets via merger and acquisition activities.