Company: APACU
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001829126-25-003414
Chunk: 4

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-05-05
Form: S-1
Chunk 4
---
 case) on or prior to the date of the
applicable deadline, for each three month extension (or up to an aggregate of $1,000,000 (or $1,150,000 if the underwriter’s
over-allotment option is exercised in full), or $0.20 per share if we extend for the full six months). Any such payments would be
made in the form of a loan. Any such loans will be non-interest bearing and payable upon the consummation of our initial business
combination. If we complete our initial business combination, we would repay such loaned amounts out of the proceeds of the trust
account released to us. If we do not complete a business combination, we will not repay such loans. Furthermore, the letter
agreement with our initial shareholders contains a provision pursuant to which our sponsor has agreed to waive its right to be
repaid for such loans out of the funds held in the trust account in the event that we do not complete a business combination. Our
sponsor and its affiliates or designees are not obligated to fund the trust account to extend the time for us to complete our
initial business combination. In the event that we receive notice from our sponsor five days prior to the applicable deadline of its
wish for us to effect an extension, we intend to issue a press release announcing such intention at least three days prior to the
applicable deadline. In addition, we intend to issue a press release the day after the applicable deadline announcing whether or not
the funds had been timely deposited.

If we anticipate that we may be unable to consummate our initial business combination within the applicable deadline, we may seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares, regardless of whether they abstain, vote for, or vote against, such amendment, at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (net of income taxes payable), divided by the number of then issued and outstanding public shares, subject to applicable law. The redemption rights will also include the requirement that any beneficial owner on whose behalf a redemption right is being exercised must identify itself in order to validly redeem its shares. If we are unable to complete our initial business combination within 24 months from the closing of this