Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 173

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 173
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ment option in this offering was exercised).
Subsequently, in connection with a reduction in the size of this offering, on April 21, 2025, the 5,750,000 founder shares owned by our
sponsor was adjusted, for no additional consideration, to 1,916,667 founder shares (up to 250,000 of which were subject to forfeiture
depending on the extent to which the underwriter’s over-allotment option in this offering was exercised). On July ,
2025, our sponsor forfeited an additional 571,000 founder shares, and the Maxim Individuals and the third-party investors purchased 571,000
founder shares (with the Maxim Individuals purchasing of such founder shares
and the third-party individuals purchasing of such founder shares) at an
aggregate purchase price of approximately $ , or $
per share. Consequently, (i) our sponsor currently owns an aggregate of 1,345,667 founder shares, deemed to have been purchased for $25,000,
or $0.02 per share, up to 250,000 of which will be surrendered to us for no consideration after the closing of this offering depending
on the extent to which the underwriter’s over-allotment option is exercised, (ii) the Maxim individuals collectively currently
own founder shares purchased for $
per share and (iii) the third-party investors collectively currently own
founder shares purchased for $ per share.

The number of founder shares currently outstanding was determined based on the expectation that the total size of this offering would be a maximum of 5,750,000 units if the underwriter’s over-allotment option is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering. Up to 250,000 of the founder shares held by our sponsor will be surrendered for no consideration depending on the extent to which the underwriter’s over-allotment option is exercised. If we increase or decrease the size of this offering, we will effect a share dividend or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to the founder shares immediately prior to the consummation of this offering in such amount as to maintain the ownership of founder shares by our initial shareholders, on an as-converted basis, at 25% of our issued and outstanding ordinary shares upon the consummation of this offering. This structure is unlike the structure of other blank check companies, which often provide that the Class B ordinary shares (or founder shares)