Business
Sizzle Acquisition Corp. Announces Change of Date of Special Meeting of Stockholders to February 2023
WASHINGTON--(BUSINESS WIRE)-- Sizzle Acquisition Corp. (“Sizzle” or the “Company”) (Nasdaq: SZZL) announced today that its special meeting in lieu of annual
About this update from Sizzle Acquisition Corp. Ii
[{"type":"text","content":" WASHINGTON--(BUSINESS WIRE)--\nSizzle Acquisition Corp. (“Sizzle” or the “Company”) (Nasdaq: SZZL) announced today that its special meeting in lieu of annual meeting of stockholders (the “Meeting”) originally scheduled for Monday, December 19, 2022, is being postponed to a future to-be-determined date at the beginning of February 2023. At the Meeting, stockholders will be asked to vote on a proposal to approve an extension of the date by which Sizzle must consummate an initial business combination from February 8, 2023 to August 8, 2023, or such earlier date as determined by the Company’s board of directors (the “Charter Extension”).\n\nAs previously disclosed, on October 24, 2022, Sizzle entered into a definitive Agreement and Plan of Merger (as may be amended from time to time, the “Merger Agreement”) with European Lithium Limited, an Australian Public Company limited by shares (“EUR”), European Lithium AT (Investments) Limited, a BVI business company incorporated in the British Virgin Islands and a direct, wholly-owned subsidiary of EUR (the “Operating Company”), Critical Metals Corp., a BVI business company incorporated in the British Virgin Islands (“PubCo”) and Project Wolf Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of PubCo (“Merger Sub”). The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination”. Subject to its terms and conditions, the Merger Agreement provides that the Operating Company and Sizzle will become wholly-owned subsidiaries of PubCo, a newly formed holding company. Pursuant to the Merger Agreement, at the closing of the Business Combination, (a) PubCo will acquire all of the issued and outstanding capital shares and equity interests of the Operating Company from EUR in exchange for ordinary shares of PubCo, the Operating Company will become a wholly-owned subsidiary of PubCo and EUR will become a shareholder of PubCo; and immediately thereafter (b) Merger Sub will merge with and into Sizzle, with Sizzle continuing as the surviving entity and wholly owned subsidiary of PubCo. The reason for the Charter Extension is to give Sizzle additional time to consummate the Business Combination.\n\nWhen a new date and time for the Meeting will be determined by the Company, it will issue another press release and file revised proxy materials with ...