Sizzle Acquisition registered with the SEC to offer 12.5 million units at $10 each.
Units will consist of one share of common stock and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for one share.
The new SPAC in the filing said it will target :the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology and real estate industries such as “proptech”, including sectors that service or are connected to these industries in the United States and other developed countries.”
Sizzle is led by Chairman and CEO Steve Salis, CEO and founder of Salis Holdings, a privately-held multi-brand, multi-platform holding company, which owns restaurants and hospitality assets in Washington D.C.
The SPAC has applied for a Nasdaq listing under SZZL. Read more.
