Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 183

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 183
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 its failure to file its Annual Report on Form 20-F for the period ended December 31, 2024. As a result of DigiAsia’s previous deficiency with respect to its interim report for the six months ended June 30, 2024, any further exception to allow DigiAsia to regain compliance with all delinquent filings will be limited to a maximum of 180 calendar days from the due date of the previous delinquent filing for DigiAsia’s interim report for the six months ended June 30, 2024, or June 30, 2025.

On August 27, 2024, our sponsor paid $25,000,
or approximately $0.004 per share, to cover certain of our offering costs in exchange for 5,750,000 founder shares (up 750,000 of which
were subject to forfeiture depending on the extent to which the underwriter’s over-allotment option in this offering was exercised).
Subsequently, in connection with a reduction in the size of this offering, on April 21, 2025, the 5,750,000 founder shares owned by our
sponsor was adjusted, for no additional consideration, to 1,916,667 founder shares (up to 250,000 of which were subject to forfeiture
depending on the extent to which the underwriter’s over-allotment option in this offering was exercised). On July ,
2025, our sponsor forfeited an additional 571,000 founder shares, and the Maxim Individuals and the third-party investors purchased 571,000
founder shares (with the Maxim Individuals purchasing of such founder shares
and the third-party individuals purchasing of such founder shares) at an
aggregate purchase price of approximately $ , or $
per share. Consequently, (i) our sponsor currently owns an aggregate of 1,345,667 founder shares, deemed to have been purchased for $25,000,
or $0.02 per share, up to 250,000 of which will be surrendered to us for no consideration after the closing of this offering depending
on the extent to which the underwriter’s over-allotment option is exercised, (ii) the Maxim individuals collectively currently
own founder shares purchased for $
per share and (iii) the third-party investors collectively currently own
founder shares purchased for $ per share.

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The Class B ordinary shares will automatically convert into Class A ordinary shares in connection with the consummation of