Company: APACU
Filing Date: 2025-09-09
Form Type: S-1/A
Source: 0001829126-25-007247
Chunk: 8

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-09-09
Form: S-1/A
Chunk 8
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 by public shareholders in connection with an initial business combination or certain amendments to our amended and restated memorandum and articles of association prior to an initial business combination; provided that such conversion of founder shares will never occur on a less than one-for-one basis. See “ The Offering—Founder shares conversion and anti-dilution rights” for additional information.

The number of founder shares currently outstanding was determined based on the expectation that the total size of this offering would be a maximum of 5,750,000 units if the underwriter’s over-allotment option is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering. Up to 250,000 of the founder shares held by our sponsor will be surrendered for no consideration depending on the extent to which the underwriter’s over-allotment option is exercised. If we increase or decrease the size of this offering, we will effect a share dividend or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to the founder shares immediately prior to the consummation of this offering in such amount as to maintain the ownership of founder shares by our initial shareholders, on an as-converted basis, at 25% of our issued and outstanding ordinary shares upon the consummation of this offering. This structure is unlike the structure of other blank check companies, which often provide that the Class B ordinary shares (or founder shares) would equal 20% of the outstanding ordinary shares upon the completion of the offering. Further, such share dividend, share repurchase or redemption or other appropriate mechanism may result in material dilution to the equity interests of our public shareholders. Any conversion of founder shares described herein will take effect as a compulsory redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of Cayman Islands law. See “ The Offering—Founder Shares”for additional information.

Prior to and/or in connection with the closing of our initial business combination, only holders of our Class B ordinary shares (i) will have the right to appoint and remove directors prior to or in connection with the completion of our initial business combination and (ii) will be entitled to vote on continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). On any other matters submitted to a vote of our shareholders prior to or in