Sizzle Acquisition Corp (SZZL) has released an update to notify the public and investors about a termination of a material definitive agreement.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Sizzle and Critical Metals decided to terminate their Equity Forward Agreement, which originally involved Vellar purchasing up to 20 million Sizzle shares for $10 million, with a sizeable break-up fee due at closing. This shift in strategy comes as Sizzle prepares to update its proxy statement/prospectus for its upcoming stockholder meeting to approve a proposed business combination. This termination reflects a significant change in Sizzle’s financing strategy as it advances towards this pivotal business merger.
For further insights into SZZL stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
