Sizzle Acquisition Corp. II filings document a Cayman Islands blank-check issuer reporting under Nasdaq-listed securities, including Class A ordinary shares, units and rights. The company's Form 8-K disclosures cover material definitive agreements, Rule 425 written communications, shareholder voting matters, governance, operating and financial results, and capital-structure terms such as each unit's composition and each right's conversion into a fraction of a Class A ordinary share upon an initial business combination.
Sizzle Acquisition Corp. II furnished a presentation for use by it and Trasteel Holding S.A. in connection with their business combination agreement. The agreement, entered into on April 13, 2026, also involves Trasteel S.A., identified as Pubco, and Trasteel Merger Sub Limited. Pubco intends to file a Form F-4 registration statement containing a proxy statement for Sizzle II shareholders and a prospectus for Pubco securities. If the registration statement becomes effective, definitive materials will be mailed to shareholders as of a record date to be established.
Sizzle Acquisition Corp. II (SZZL) furnished an investor presentation for its proposed business combination with Trasteel Holding S.A. It describes an approximately $1.32 billion pro forma combined enterprise value; existing Trasteel shareholders would roll over 100% of their equity. The transaction is expected to be funded by Sizzle II cash held in trust, with illustrative assumptions of $230 million remaining in trust and 0% redemptions, excluding interest earned. The assumed trust amount may change with actual interest and redemptions.
Trasteel’s preliminary, unaudited H1 2026 management figures show revenue of $1,192.4 million, up 40.0% year over year; gross profit of $105.9 million, up 36.9%; and EBITDA of $50.7 million, up 80.8%. The H1 figures are labeled unaudited IFRS management figures, and EBITDA is identified as a non-IFRS measure.
The proposed transaction’s terms are indicative, non-binding and subject to further discussion, negotiation and change. Pubco intends to file a Form F-4 registration statement with a proxy statement and prospectus; definitive materials would be sent to Sizzle II shareholders if the registration statement becomes effective.
Sizzle Acquisition Corp. II reported that Trasteel issued an October 13, 2026 press release concerning financial and related information in connection with a proposed business combination. An amended Business Combination Agreement was entered into on April 13, 2026, by Sizzle II and Trasteel Holding S.A.; Trasteel S.A., identified as Pubco, and Trasteel Merger Sub Limited later became parties through joinders.
Pubco intends to file an F-4 registration statement that will include a proxy statement and prospectus. If and when the SEC declares it effective, definitive materials are to be mailed to Sizzle II shareholders as of a record date to be established for the shareholder vote on the transactions.
Sizzle Acquisition Corp. II (SZZL) furnished Trasteel Holding S.A.’s first-half 2026 results, based on unaudited management figures prepared under IFRS and subject to change. Trasteel reported total revenue of $1,192.4 million, up 40.0% from $851.8 million; gross profit was $105.9 million, up 36.9%, and EBITDA was $50.7 million, up 80.8% from $28.0 million. Operating profit was $37.0 million, compared with $14.6 million. EBITDA is a non-IFRS measure.
Management projected FY 2026 total revenue of $2.1–$2.5 billion, gross profit of $200 million and EBITDA of $80–$85 million. Trasteel Magona S., a newly established Group company, took over operations of the La Magona plant on October 1, 2026 under a lease; production is expected to restart progressively, and the planned acquisition is subject to completion of Liberty Magona’s restructuring. Trasteel completed its acquisition of BBC Alloys’ remaining 40% equity interest on September 30, 2026, bringing its ownership to 100%. The business combination with Sizzle II is expected to close by the end of 2026, subject to Sizzle II shareholder approval and other customary closing conditions.
Sizzle Acquisition Corp. II (SZZL) disclosed that Trasteel Holding S.A.’s wholly owned subsidiary completed the acquisition of the remaining 40% equity interest in BBC Alloys S. from minority shareholder Metco S. on September 30, 2026, for approximately EUR 1.7 million. BBC Alloys is now wholly owned by Trasteel; Trasteel acquired a 60% controlling interest in June 2025.
BBC Alloys reported 2025 revenue of EUR 89.0 million, up 8.7% year over year, and first-half 2026 revenue of EUR 63.9 million versus EUR 49.3 million in first-half 2025, a 30% increase based on unaudited management accounts. Its revenue was already included in Trasteel’s consolidated results, so the transaction eliminates the non-controlling interest. Trasteel’s proposed business combination with Sizzle II is expected to close by the end of 2026, subject to Sizzle II shareholder approval and other customary closing conditions; the combined company is expected to list on Nasdaq as TSTL.
Sizzle Acquisition Corp. II (SZZL) announced that Trasteel Magona S., a newly established Trasteel group company, took over operations of the La Magona d’Italia steel plant in Piombino after the lease of Liberty Magona’s business unit became effective on October 1, 2026. Signed July 29, 2026, the lease runs until December 31, 2027, at the latest. The transaction received clearance under Italy’s Golden Power regulations on September 14, 2026, and antitrust clearance from the European Commission on September 29, 2026.
Trasteel Magona plans a gradual production restart, with the objective of reaching capacity of over 500,000 tonnes per year by the end of 2027; the announcement says approximately 500 jobs will be safeguarded. The lease is described as the first step toward an agreed business integration, to be completed after Liberty Magona’s restructuring process concludes and its court-filed plan receives court approval. Trasteel’s business combination with Sizzle II is expected to close by the end of 2026, subject to Sizzle II shareholder approval and other customary closing conditions. At closing, Sizzle II and Trasteel are expected to become wholly owned subsidiaries of Pubco, and the combined company is expected to be listed on Nasdaq under TSTL.
Sizzle Acquisition Corp. II (SZZL) disclosed that Trasteel S.A., in its role as Pubco under the business combination agreement, submitted a draft registration statement on Form F-4 to the SEC on September 30, 2026, relating to the Transactions. The agreement was entered into on April 13, 2026, and identifies Trasteel Holding S.A. as the Company and Trasteel Merger Sub Limited as Merger Sub.
Pubco's planned Form F-4 will include a proxy statement for Sizzle II shareholders and a prospectus for registering Pubco securities in connection with the Transactions. If and when the SEC declares the registration statement effective, definitive proxy and prospectus materials will be mailed to Sizzle II shareholders as of a record date to be established.
Sizzle Acquisition Corp. II (symbol: SZZL) is the issuer of record for a Form 8-K filing submitted to the SEC.
Sizzle Acquisition Corp. II (SZZL), Trasteel Holding S.A., Trasteel S.A. (Pubco) and Trasteel Merger Sub Limited amended their business combination agreement for the proposed transaction.
The amendment changes the PCAOB Audit Delivery Date from July 31, 2026, to September 30, 2026. After closing, Pubco’s board is to have five directors: one selected by Sizzle II and four selected by Trasteel Holding. Sizzle II also waived, solely for Pubco and Merger Sub, compliance with the five Business Day timing requirement for forming those entities and joining them to the agreement.
Sizzle Acquisition Corp. II amended its Business Combination Agreement with Trasteel Holding S.A., Trasteel S.A. and Trasteel Merger Sub Limited. The amendment changes the PCAOB Audit Delivery Date from July 31, 2026 to September 30, 2026 and provides for a five-director Pubco board following the transaction closing. Sizzle II also waived, solely for Pubco and Merger Sub, the five-Business-Day requirement for their formation and joinder to the agreement.