Sizzle Acquisition II signs USD 1.3 billion deal with Trasteel Holding

Sizzle Acquisition Corporation II Class A

Sizzle Acquisition Corporation II Class A

SZZL

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  • Trasteel signed a definitive business combination agreement with Sizzle Acquisition Corp. II, aiming to list combined company on Nasdaq under ticker TSTL by year-end 2026.
  • Deal consideration is newly issued public shares based on Trasteel pre-money equity value of $800 million.
  • Implied pro forma enterprise value is about $1.3 billion on closing assumptions that include no Sizzle II shareholder redemptions.
  • Trasteel shareholders are set to roll 100% of their equity into the new public company.
  • Trasteel is headquartered in Lugano, Switzerland and Luxembourg, operating across more than 60 countries with 13 industrial facilities.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sizzle Acquisition Corp. II published the original content used to generate this news brief via PR Newswire (Ref. ID: NY56075) on May 11, 2026, and is solely responsible for the information contained therein.

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