Company: APACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009045
Chunk: 19

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 closing of a Business Combination.

NOTE 4 — PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 153,750 Private Placement Units, at a price of $10.00 per Private Placement Unit generating gross proceeds of $1,537,500.

The Sponsor, and officers and directors of the Company
have entered into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect
to their Founder Shares, Private Placement shares and Public Shares in connection with the completion of the initial Business Combination;
(ii) waive their redemption rights with respect to their Founder Shares, Private Placement shares and Public Shares in connection with
a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association (A) to
modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination
or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the Combination Period
or (B) with respect to any other material provisions relating to the rights of holders of ordinary shares or pre-initial Business Combination
activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their Founder Shares and Private
Placement shares if the Company fails to complete the initial Business Combination within the Combination Period, although they will
be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete
the initial Business Combination within the Completion Window and to liquidating distributions from assets outside the Trust Account;
and (iv) vote any Founder Shares and Private Placement shares held by them and any Public Shares purchased during or after the Initial
Public Offering (including in open market and privately negotiated transactions, aside from shares they may purchase in compliance with
the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the Business Combination)
in favor of the initial Business Combination

    14

NOTE 5 — RELATED PARTY TRANSACTIONS

Founder Shares

On August 27, 2024, the Sponsor paid $25,000,
or approximately $0.004 per share, to cover certain of the Company’s Initial Public Offering costs in exchange for 5,750,000
Founder Shares (up to 750,000
of which were subject to forfeiture depending on the extent to which the underwriter