- CEO
- Steve Salis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- DE United States of America
- Business
- Sizzle Acquisition Corp. (NASDAQ:SZZLW) operates as a special purpose acquisition company (SPAC) headquartered in Washington, D.C., and founded in October 2020 as a Delaware corporation. The company, which raised $155 million through its November 2021 initial public offering of 15.5 million units at $10 each, focuses on effecting mergers, capital stock exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more target businesses; it primarily targets the restaurant, hospitality, food and beverage, retail, consumer, food-related technology, and real estate sectors in the United States and other developed markets. Units initially traded as SZZLU, with common stock separating under SZZL and redeemable warrants—each exercisable for one share of common stock at $11.50 and expiring November 3, 2026—separating under SZZLW. In a major development, the company completed a business combination in February 2024 with European Lithium AT (Investments) Limited, a subsidiary of European Lithium Ltd., to form Critical Metals Corp. (NASDAQ:CRML), which now focuses on lithium mining and production for electric vehicle batteries at the Wolfsberg Project in Austria, including an offtake agreement with BMW; Sizzle warrants converted into Critical Metals warrants (CRMLW) expiring February 27, 2029. This transaction, approved by stockholders on February 22, 2024, marked a strategic shift from consumer sectors to critical minerals, with Critical Metals evaluating further assets in strategic resources. Sizzle Acquisition Corp. II, a separate Cayman Islands-incorporated blank check company sponsored by the same management team (led by CEO and Chairman Steve Salis), completed a $230 million IPO in April 2025 under tickers SZZLU/SZZL/SZZLR, targeting similar sectors plus mining, proptech, airlines, and professional sports.