Company: APACU
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001829126-25-003414
Chunk: 178

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-05-05
Form: S-1
Chunk 178
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 price to the non-managing sponsor investors reflecting interests in an aggregate of founder shares held by the sponsor. Membership interests reflecting interests in the remaining founder shares held by the sponsor will be held by the Sponsor Manager (as defined herein).

If we do not complete our initial business combination within the completion window, the founder shares, private placement units, private placement shares and private placement rights will be worthless, except to the extent they receive liquidating distributions from assets outside the trust account.

We will pay Scieniti LLC, an affiliate of our sponsor, an amount equal to $10,000 per month for office space, utilities and secretarial and administrative support made available to us by Scieniti LLC.

Prior to the closing of this offering, our sponsor may loan us funds in an aggregate amount of up to $800,000 to be used for a portion of the expenses of this offering. These loans would be non-interest bearing, unsecured and are due at the earlier of December 31, 2025 or the closing of this offering. As of December 31, 2024, we had borrowed $44,925 under the promissory note with our sponsor.

In order to finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required on a non-interest basis. If we complete an initial business combination, we would repay such loaned amounts. In the event that the initial business combination does not close, we may use amounts held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into private placement units at a price of $10.00 per unit at the option of the lender. Such units would be identical to the private placement units. Except as set forth above, the terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans.

Upon consummation of this offering, we will also reimburse our sponsor or its affiliates for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination. We may also pay salaries and fees if we engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions.

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The following table sets forth the payments to be received by our sponsor