Company: APACU
Filing Date: 2025-09-09
Form Type: S-1/A
Source: 0001829126-25-007247
Chunk: 130

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-09-09
Form: S-1/A
Chunk 130
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 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 for their private placement units.

Assuming a trading price of $10.00 per public share upon consummation of our initial business combination, the 841,667 founder shares held by our sponsor would have an aggregate implied value of $8,416,670 and the 825,000 founder shares held by the Maxim Individuals and the third-party founders would have an aggregate implied value of $8,250,000.

Even if the trading price of our ordinary shares were as low as $0.74 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