SPAC Sizzle II to acquire Trasteel Holding in $800M business combination

Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. II (SZZL) enters definitive BCA with Trasteel Holding S.A.; $800M equity consideration at $10.00/share.
Transaction includes minimum $75M PIPE financing and $75M bridge debt financing option; minimum cash condition of $75M.
Outside date for closing is Oct 10, 2026 or 4 months after delivery of PCAOB-audited target financials (due July 31, 2026).
Company shareholders subject to 6-month lock-up on Pubco shares post-closing; Sponsor agrees to support and vote in favor.
Closing requires Sizzle II and target shareholder approvals, regulatory clearances, and Nasdaq/NYSE American listing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sizzle Acquisition Corp. II entered into Business Combination Agreement with Trasteel Holding S.A. valued at $800,000,000 (effective 2026-04-13).

Action: entry
Agreement: merger
Counterparty: Trasteel Holding S.A.
Value: $800,000,000
Effective: 2026-04-13

Exact text from the filing

On April 13, 2026, Sizzle Acquisition Corp. II, a Cayman Islands exempted company (“ Sizzle II ”), and Trasteel Holding S.A., a Luxembourg company (the “ Company ”), entered into a Business Combination Agreement (the “ BCA ”)

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Sizzle Acquisition Corp. II filing history →

Source: SEC EDGAR

accession 0001213900-26-045154

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