Company: APACU
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009045
Chunk: 8

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 Equity.”

If the Company seeks shareholder approval in connection
with an initial Business Combination, it will complete the Business Combination only if it receives an ordinary resolution under Cayman
Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who vote at a general
meeting of the Company. If a shareholder vote is not required under applicable law or stock exchange listing requirements and the Company
does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its Amended and Restated Memorandum
and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission
(“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement
with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with an initial Business
Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased in or after the
Initial Public Offering in favor of approving the Business Combination and to waive its redemption rights with respect to any such shares
in connection with a shareholder vote to approve the Business Combination. Additionally, each public shareholder may elect to redeem its
Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against an Initial Business Combination.

Notwithstanding the foregoing, if the Company seeks shareholder approval of an initial Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the Public Shares without the Company’s prior written consent.

    7

The Sponsor has agreed to (i) waive its redemption
rights with respect to its private placement shares in connection with the completion of the initial Business Combination, (ii) waive
its redemption rights with respect to its private placement shares in connection with a shareholder vote to approve an amendment to the
Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the obligation to allow redemption
in connection with the