Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 138

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 138
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 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 $9.90 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 $625,000, comprised of the $25,000
purchase price for its founder shares and the $600,000 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 $400,000, comprised of the aggregate of $400,000 purchase
price for their founder shares and for their private placement units.

Assuming a trading price of $9.90 per public
share upon consummation of our initial business combination, the 1,095,667 founder shares held by our sponsor would have an aggregate
implied value of $7,899,759 and the 571,000 founder shares held by the Maxim Individuals and the third-party founders would have an aggregate
implied value of $4,116,910.

Even if the trading price of our ordinary shares were as low as $0.71 per share, and the private placement units are worthless, the value of our sponsor’s founder shares would be equal to our sponsor’s aggregate initial investment in us. Even if the trading price of our ordinary shares were as low as $1.40 per share, and the private placement units are worthless, the value of the founder shares held by the Maxim Individuals and the third-party investors would be equal to the Maxim Individuals and the third-party investors aggregate initial investment in us. As a result, our initial shareholders are likely to be able to make a substantial profit on their investment in us at a time when our public shares have lost significant value. Accordingly, members of our management team, who own interests in our sponsor, may be more willing to pursue a business combination with a riskier 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, the Maxim Individuals and the third-party investors will have different interests than other public shareholders due to their additional upfront investment in the company.

The determination of the offering price of our units