Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 164

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 164
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ution to the public shareholders to be higher. Net tangible book value per share is determined by dividing our net tangible book value, which is our total tangible assets less total liabilities (including the value of ordinary shares which may be redeemed for cash), by the number of outstanding ordinary shares.

The following table illustrates the difference between the public offering price and our net tangible book value, or NTBV, as adjusted to give effect to this offering and to redemptions of our public shares at varying levels, assuming the full exercise and no exercise of the over-allotment option.

The below calculations (A) assume that (i) no ordinary shares are issued to shareholders of a potential business combination target as consideration or issuable by a post-business combination company, for instance under an equity or employee share purchase plan, and (ii) no ordinary shares and convertible equity or debt securities are issued in connection with additional financing that we may seek in connection with an initial business combination; and (B) assumes the issuance of 5,000,000 Class A ordinary shares (or 5,750,000 Class A ordinary shares if the underwriter’s over-allotment option is exercised in full), 100,000 private placement shares (whether or not the underwriter’s over-allotment option is exercised), 1,916,667 founder shares (of which up to 250,000 founder shares held by our sponsor are assumed to be forfeited in the scenario in which the underwriter’s over-allotment option is not exercised in full) and 200,000 representative shares (or 230,000 representative shares if the underwriter’s over-allotment option is exercised in full).

We may need to issue ordinary shares or convertible equity or debt securities in circumstances described elsewhere in this prospectus, as we intend to target an initial business combination with a target company whose enterprise value is between $50.0 million and $200.0 million, although we may consider a target entity with a smaller or larger enterprise value, which represents and enterprise values that are greater than the net proceeds of this offering and the sale of the private placement units. The issuance of additional ordinary or preference shares may significantly dilute the equity interest of investors in this offering, which dilution would even further increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-for-one basis upon conversion of the Class B ordinary shares. Further, in order to finance transaction costs in connection with an intended initial