Sizzle Acquisition Corp. Announces $ 135 Million Public Offering Price | Business



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WASHINGTON – (BUSINESS WIRE) – November 3, 2021–

Sizzle Acquisition Corp. (the “Company” or “Sizzle”) today announced the price of its initial public offering plus 13,500,000 units, priced at $ 10.00 per unit. The units will be listed on the Nasdaq Global Market or the Nasdaq and will trade under the ticker symbol “SZZLU” from November 4, 2021. Each unit consists of one common share and one redeemable half warrant, with each exercisable whole warrant to purchase one common share at a price of $ 11.50 per share. Only whole warrants may be exercised and will be traded. Once the securities comprising the Units begin to trade separately, the Common Shares and the Warrants are expected to be listed on Nasdaq under the symbols “SZZL” and “SZZLW”, respectively. The offer is scheduled to close on November 8, 2021, subject to customary closing conditions.

Sizzle is a new blank check company formed for the purpose of completing a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more companies or entities, which are referred to as “Target Company.” Sizzle’s potential target business will not be limited to any particular industry or geographic region, although the Company intends to initially focus on target businesses in the restaurant, hotel, food and beverage, retail, consumer, food and food technology and real estate industries .

Sizzle is led by President and CEO Steve Salis. In addition, Sizzle’s management team is made up of: Jamie Karson, Nestor Nova and Daniel Lee; the directors of the board, composed of: Karen Kelley, David Perlin and Warren Thompson; and advisers to the board of directors, composed of: Carolyn Trabuco, Rick Camac and Geovannie Concepcion.

Cantor Fitzgerald & Co (“Cantor”) acts as the sole accounting manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,025,000 additional units to cover over-allotments, if any.

The registration statements relating to these securities were declared effective by the United States Securities and Exchange Commission (the “SEC”) on November 3, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, or any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or that state. jurisdiction.

The offer is being made only by means of a prospectus. Copies of the prospectus relating to this offering, when available, may be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus, when available, can be obtained from the office of Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022; Email: [email protected]

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements”, in particular with respect to the initial public offering. No assurance can be given that the offer discussed above will be carried out under the conditions described, or not at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Company. DRY. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions of changes after the date of this posting, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211103006344/en/

CONTACT: Bull frog + Baum

Jennifer Baum / Alyce Bonnar

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: Sizzle Acquisition Corp.

Copyright Business Wire 2021.

PUB: 03/11/2021 19:27 / DISC: 03/11/2021 19:27

http://www.businesswire.com/news/home/20211103006344/en

Copyright Business Wire 2021.

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