Sizzle Acquisition
| Company type | Public |
|---|---|
| Industry | Special purpose acquisition company |
| Founded | October 2020 |
| Founder | Steve Salis |
| Headquarters | Washington, D.C. , United States |
Key people | Steve Salis (CEO and chairman), Daniel Lee (CFO), Jamie Karson, Nestor Nova |
| Products | Mergers, stock exchanges, asset purchases, restructurings in restaurants, hospitality, food and beverage, retail, consumer goods, food technology, real estate |
Sizzle Acquisition Corp. is an American special purpose acquisition company (SPAC) publicly listed and headquartered in Washington, D.C.. Established in October 2020 by CEO and chairman Steve Salis, the company successfully raised $155 million during its initial public offering (IPO) in November 2021.
History
The leadership team of Sizzle Acquisition Corp. comprises CEO Steve Salis, CFO Daniel Lee, along with executives Jamie Karson and Nestor Nova. The board of directors includes Karen Kelley, David Perlin, and Warren Thompson.
The company primarily pursues mergers, stock exchanges, asset purchases, and restructurings within industries such as restaurants, hospitality, food and beverage, retail, consumer goods, food technology, and real estate.
Following its 2021 public listing that generated $155 million in capital, Sizzle announced a strategic combination in 2023 with a subsidiary of European Lithium Ltd., forming Critical Metals Corp. This transition redirected the organization's focus toward supplying sustainable lithium hydroxide to support European electric vehicle and battery manufacturers.
The merger finalized in 2024, positioning Critical Metals as a significant contributor to the lithium supply chain for electric vehicles.
Critical Metals
Critical Metals is advancing the Wolfsberg Lithium Project located in Carinthia, Austria, aiming to commence lithium hydroxide production by 2026 with an anticipated yearly capacity near 10,500 metric tons. Wolfsberg is poised to become Europe's inaugural large-scale source of battery-grade lithium, potentially facilitating the manufacture of close to 200,000 electric vehicles each year.