Sizzle Acquisition Corp. II (SZZL) filed a Current Report on Form 8-K with the SEC on October 13, 2026, to disclose the financial results of its target company, Trasteel Holding S.A. The filing incorporates a press release from Trasteel detailing its unaudited financial performance for the first half of 2026 (H1 2026) and its management projections for the full year.

Trasteel reported that its total revenues for the six months ended June 30, 2026, reached $1,192.4 million. This represents a 40.0% increase compared to the $851.8 million generated in the same period of 2025. The company also reported a gross profit of $105.9 million, a 36.9% increase year-over-year, and an operating profit of $37.0 million, a 153.8% increase compared to the prior year.

On a non-IFRS basis, Trasteel reported EBITDA of $50.7 million for H1 2026, an 80.8% increase from the $28.0 million recorded in H1 2025. The company noted that these results exceeded its internal forecasts for the period.

In connection with the Business Combination Agreement with Sizzle II, Trasteel management provided full-year 2026 projections. These projections estimate total revenue between $2.1 billion and $2.5 billion, gross profit of $200 million, and EBITDA between $80 million and $85 million. Trasteel stated that its H1 2026 results are consistent with the first two parts of these projections.

The press release highlights several strategic milestones completed during the period. On October 1, 2026, Trasteel took over operations at the La Magona plant in Piombino, Italy, which it expects to add production volume exceeding 500,000 tons by the end of 2027. Additionally, the company completed the acquisition of the remaining 40% interest of BBC Alloys on September 30, 2026, bringing its ownership to 100%. Trasteel also announced the establishment of QTrasteel, a 50-50 joint venture with Al Qalaa International Group, focused on expanding market access in the MENA region.

The 8-K also outlines the next steps for the business combination. Pubco intends to file a registration statement on Form F-4 with the SEC, which will include a proxy statement and prospectus for the transaction. Trasteel and Sizzle II have advised shareholders to read these materials when available.