Sizzle Acquisition II Posts $1.19B First-Half Revenue
SZZL is trading near its 52-week low of $9.21 (14% above the low) on light trading volume (0.2× avg).
Summary
Sizzle Acquisition Corp. II reported first-half revenue of $1,192.4 million, a figure not previously disclosed, gross profit of $105.9 million, operating profit of $37.0 million, and EBITDA of $50.7 million. The company projects fiscal 2026 revenue of $2.1 billion to $2.5 billion and EBITDA of $80 million to $85 million. The company is a SPAC merging with Trasteel, and these figures provide the first concrete top-line data for the combined entity. The stock is trading near its 52-week high of $10.50, suggesting the market is responding favorably to the merger progress. The going concern warning from the Q2 10-Q remains a key risk if the merger fails to close by April 2027.
At the time of this announcement, SZZL was trading at $10.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $251.3M. The 52-week trading range was $9.21 to $10.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.