Company: APACU
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001829126-25-003414
Chunk: 174

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-05-05
Form: S-1
Chunk 174
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 of membership interest units: (i) class A membership units representing interests in the founder shares and (ii) class B membership units that will represent an interest in the private placement units. All members of our sponsor, including the Sponsor Manager and any non-managing sponsor investor that may join our sponsor concurrently with this offering will hold both classes of membership units representing their proportional interest in the founder shares and private placement units. Pursuant to an agreement of all members of our sponsor, the management and control of our sponsor is vested exclusively with the Sponsor Manager, without any voting, veto, consent or other participation rights by any non-managing sponsor investors regardless of their membership interest ownership. As a result of this management structure, non-managing sponsor investors will have no right to control our sponsor, or participate in any decision regarding the disposal of any security held by our sponsor, or otherwise.

Bhargav Marepally and Prabhu Antony also formed the Prior SPAC (StoneBridge Acquisition Corporation), and together with three of our four director nominees (Joel Huffman being the exception), managed the Prior SPAC through an initial business combination in April 2024 with DigiAsia (NASDAQ: FAAS), an embedded Fintech as a service companies in Indonesia serving business-to-business-to-consumer customers and business-to-business customers across various segments. Bhargav Marepally and Prabhu Antony currently serve on the board of directors of DigiAsia. As of the date hereof, neither our sponsor nor its affiliates is involved in any other SPAC. Bhargav Marepally and Prabhu Antony are currently, and until our initial business combination are expected to be, our only executive officers and will be responsible for our day-to-day operations and our search for, and execution of, an initial business combination.

| 8 | See https://www.uscc.gov/sites/default/files/2025-03/Chinese_Companies_Listed_on_US_Stock_Exchanges_03_2025.pdf |

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The Prior SPAC was incorporated in the Cayman Islands in February 2021. On July 20, 2021, the Prior SPAC consummated its initial public offering of 20,000,000 units for total gross proceeds of $200 million. Each unit consisted of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. Sim