General Information

We intend to initially focus on target businesses in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology and real estate industries

Our leadership team is comprised of Steve Salis, Jamie Karson, Daniel Lee and Nestor Nova. The core of our team has worked together for the past three years at Salis Holdings, LLC (“SH”). SH was formed by Steve Salis in 2015 as a privately held multi-brand, multi-platform holding company based in Washington, D.C.

Over the past three years, SH acquired Ted’s Bulletin from the Matchbox Group, a regional chain of modern American casual restaurants serving breakfast food all day and Kramerbooks, which pre-COVID, was to our knowledge, one of the higher grossing restaurant/bookstores in the country. Mr. Salis identified value in Ted’s Bulletin, which at the time of acquisition had negative comp store sales and declining guest counts. However, within six months after making the acquisition, Mr. Salis re-engineered the business ultimately making it one of the higher grossing per unit revenue generators, pre-COVID, in its category. Also during the past three years, SH launched Federalist Pig which has captured the attention of barbeque aficionados from across the country. All SH businesses have performed well during COVID and in keeping with Mr. Salis’ track record, have attracted institutional capital investment at expanding valuations. In response to the overwhelming demand for takeout and delivery, SH launched Fed Wings and Ensemble, a digital food hall housing its own brands for takeout and delivery which utilizes digital technology and native delivery logistics as key drivers. SH owns the real estate of certain of its restaurant brands and is seeking to acquire additional real estate as part of its overall strategy.

(Note: Sizzle Acquisition upsized its SPAC IPO at pricing on Nov. 3, 2021, to 13.5 million units, up from 12.5 million, at $10 each to raise $135 million.)

Employees: 0
Founded: 2020
Contact Information
Address 4201 Georgia Avenue NW Washington DC 20011
Phone Number (202) 846-0300
Web Address
Financial Information
Market Cap $186.35mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol SZZLU
Exchange NASDAQ
Shares (millions): 13.5
Price range $10.00 - $10.00
Est. $ Volume $135.0 mil
Manager / Joint Managers Cantor Fitzgerald
CO-Managers -
Expected To Trade: 11/4/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change