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Sizzle Acquisition Corp (SZZL) has shared an update.
In a significant financial move, Sizzle has completed a Business Combination, resulting in a lock-up agreement for certain shareholders, and has agreed to pay Cantor Fitzgerald & Co. a hefty commission in shares. Additionally, Sizzle has entered into various agreements to settle transaction expenses with vendors through share issuance and deferred cash payments. With the completion of this transaction, Sizzle’s stock ceased trading as it merged into Pubco, which is now trading on Nasdaq under new ticker symbols. As a direct outcome, Sizzle is delisting and deregistering its securities, while a reshuffling of the board has introduced new directors and officers, marking a new chapter for the company.
For an in-depth examination of SZZL stock, go to TipRanks’ Stock Analysis page.