• Trasteel Holding reached definitive agreement to combine with Sizzle Acquisition Corp. II, creating a new steel trading and industrial holding company slated to list on Nasdaq under symbol TSTL.
• Deal values Trasteel at pre-money equity value of USD 800 million.
• Implied pro forma enterprise value expected at about USD 1.3 billion, assuming no shareholder redemptions.
• Trasteel shareholders will roll 100% of their equity into new holding company.
• Closing targeted by end of 2026.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-043006), on April 13, 2026, and is solely responsible for the information contained therein.