Company: APACU
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001829126-25-003414
Chunk: 131

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-05-05
Form: S-1
Chunk 131
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 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, our sponsor (including the non-managing sponsor investors) will have invested in us an aggregate
of $1,525,000, comprised of the $25,000 purchase price for the founder shares and the $1,500,000 purchase price for the private placement
units. Assuming a trading price of $10.00 per public share upon consummation of our initial business combination, the 1,666,667 founder
shares would have an aggregate implied value of $16,666,670. Even if the trading price of our ordinary shares were as low as $0.91 per
share, and the private placement units are worthless, the value of the founder shares would be equal to our sponsor’s (including
the non-managing sponsor investors’) aggregate initial investment in us. As a result, our sponsor (and the non-managing sponsor
investors) 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, our non-managing sponsor investors will have different interests
than other public shareholders due to their additional upfront investment in the company and their membership interests in the sponsor.

The determination of the offering price of our units and the size of this offering is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly reflects the value of such units than you would have in a typical offering of an operating company.

Prior to this offering there has been no public market for any of our securities. The public offering price and terms of the units were negotiated between us and the underwriter