Wolverine Asset Management LLC Boosts Holdings in Sizzle Acquisition Corp. II $SZZL

Key Points

• Wolverine Asset Management increased its stake in Sizzle Acquisition Corp. II by 23.6% in Q4, buying 191,078 shares to hold 1,001,497 shares (3.20%) worth about $10.18 million.
• Several other institutions also built or expanded positions — Millennium Management raised its stake 40% to 700,000 shares (~$7.06M), Mangrove Partners boosted holdings 417.4% to 450,000 shares, and Parallax and Clear Street established new positions.
• Sizzle is a SPAC with no significant operations targeting restaurant/consumer-related deals, and analysts maintain an average “Sell” rating (Weiss Ratings reiterated a "sell (d-)").

Wolverine Asset Management LLC lifted its stake in Sizzle Acquisition Corp. II (NASDAQ:SZZL - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,001,497 shares of the company's stock after purchasing an additional 191,078 shares during the quarter. Wolverine Asset Management LLC owned 3.20% of Sizzle Acquisition Corp. II worth $10,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Parallax Volatility Advisers L.P. purchased a new position in shares of Sizzle Acquisition Corp. II in the 3rd quarter worth about $806,000. Millennium Management LLC raised its position in shares of Sizzle Acquisition Corp. II by 40.0% in the 3rd quarter. Millennium Management LLC now owns 700,000 shares of the company's stock worth $7,056,000 after purchasing an additional 200,000 shares during the last quarter. Clear Street Group Inc. bought a new stake in Sizzle Acquisition Corp. II in the 3rd quarter worth about $1,462,000. Bulldog Investors LLP increased its holdings in Sizzle Acquisition Corp. II by 241.9% in the 3rd quarter. Bulldog Investors LLP now owns 172,988 shares of the company's stock worth $1,744,000 after buying an additional 122,388 shares in the last quarter. Finally, Mangrove Partners IM LLC increased its holdings in Sizzle Acquisition Corp. II by 417.4% in the 3rd quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company's stock worth $4,536,000 after buying an additional 363,027 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Sizzle Acquisition Corp. II in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

Sizzle Acquisition Corp. II Stock Performance

Sizzle Acquisition Corp. II stock opened at $10.30 on Monday. The business has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $10.22. Sizzle Acquisition Corp. II has a 52-week low of $9.21 and a 52-week high of $10.50.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.

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