Company: APACU
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001829126-25-006654
Chunk: 134

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-08-22
Form: S-1/A
Chunk 134
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 Class A ordinary shares after the initial business combination
is as low as $0.74 per share and the Maxim Individuals and third-party investors could recoup their entire investment in our company
even if the trading price of our Class A ordinary shares after the initial business combination is as low as $0.95 per share. As a result,
our initial shareholders are likely to earn a substantial profit on their investment in us upon disposition of their Class A ordinary
shares even if the trading price of our Class A ordinary shares declines after we complete our initial business combination. Our sponsor
may therefore be economically incentivized to complete an initial business combination with a riskier, weaker-performing or less-established
target business than would be the case if our sponsor had paid the same per share price for the founder shares as our public shareholders
paid for their public shares. In addition, given the foregoing, our third-party investors will have an incentive to vote any public shares
they own in favor of a business combination, and make a substantial profit on such interests, even if the business combination is with
a target that ultimately declines in value and is not profitable for other public shareholders.

This dilution would increase to the extent that the anti-dilution provisions of the founder shares result in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the founder shares at the time of our initial business combination and would become exacerbated to the extent that public shareholders seek redemptions from the trust for their public shares. In addition, because of the anti-dilution protection in the founder shares, any equity or equity-linked securities issued in connection with our initial business combination would be disproportionately dilutive to our Class A ordinary shares.

The value of the founder shares following completion of our initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of our ordinary shares at such time is substantially less than $10.00 per public share.

Upon the closing of this offering and assuming no exercise of the over-allotment option, (i) our sponsor will have invested in us an aggregate of $675,000, comprised of the $25,000 purchase price for its founder shares and the $650,000 purchase price for its private placement units and (ii) the Maxim Individuals and third-party investors will have collectively invested in us an aggregate of $860,760, comprised of the aggregate of $10,760 purchase price for their founder shares and the aggregate of $850,000 purchase price