Company: APACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009045
Chunk: 23

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 or commissions will be paid on the sale of the Private Placement Units.

Rights — If the Company enters into
a definitive agreement for a Business Combination in which the Company will be the surviving entity, each holder of a right will receive
one-tenth (1/10) of one Class A ordinary share upon consummation of the Company’s initial Business Combination, even if the holder
of such right redeemed all ordinary shares held by him, her or it in connection with the initial Business Combination or an amendment
to the Company’s Amended and Restated Memorandum and Articles of Association with respect to the Company’s pre-Business Combination
activities. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its additional
ordinary shares upon consummation of an initial Business Combination as the consideration related thereto has been included in the unit
purchase price paid for by investors in the Initial Public Offering. The shares issuable upon exchange of the rights will be freely tradable
(except to the extent held by affiliates of the Company).

If the Company enters into a definitive agreement for a Business Combination in which it will not be the surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders of the ordinary shares will receive in the transaction on an as-converted into ordinary share basis, and each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the 1/10 share underlying each right (without paying any additional consideration) upon consummation of the Business Combination. More specifically, the right holder will be required to indicate his, her or its election to convert the rights into underlying shares as well as to return the original rights certificates to the Company. In the event that the Company is not the surviving entity upon the consummation of the Company’s initial Business Combination, and there is no effective registration statement for the offering of the shares underlying the rights, the rights may expire worthless.

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If the Company is unable to complete an initial Business Combination within the required time period and the Company liquidates the funds held in the Trust Account, holders of rights will not receive any of such funds with respect to their rights, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such rights, and the rights will expire worthless.

As soon as practicable upon the consummation of the Company’s initial Business Combination, the Company will direct