Company: APACU
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001829126-25-006654
Chunk: 172

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-08-22
Form: S-1/A
Chunk 172
---
 were subject to forfeiture depending on the extent to which the underwriter’s over-allotment option in this offering was exercised). On , 2025, our sponsor forfeited an additional 825,000 founder shares, and the Maxim Individuals and the third-party investors purchased an aggregate of 825,000 founder shares (with the Maxim Individuals purchasing 215,000 of such founder shares and the third-party individuals purchasing 610,000 of such founder shares) at an aggregate purchase price of approximately $10,760, or approximately $0.013 per share. Consequently, (i) our sponsor currently owns an aggregate of 1,091,667 founder shares, deemed to have been purchased for approximately $0.013 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 215,000 founder shares purchased for approximately $0.013 per share and (iii) the third-party investors collectively currently own 610,000 founder shares purchased for approximately $0.013 per share.

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