Bhargava Marepally - Jul 15, 2021 Form 3 Insider Report for StoneBridge Acquisition Corp. (APAC)

Role
CEO and Director, Director
Signature
/s/ Bhargava Marepally
Stock symbol
APAC
Transactions as of
Jul 15, 2021
Transactions value $
$0
Form type
3
Date filed
7/15/2021, 08:06 PM
Next filing
Mar 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding APAC Class B Ordinary Shares Jul 15, 2021 Class A Ordinary Shares 5.75M (2)(3) See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (No. 333-253641) under the heading "Description of Securities - Ordinary Shares - Founder Shares", the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
F2 These shares represent the Class B Ordinary Shares held by StoneBridge Acquisition Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor includes up to 750,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise their over-allotment option in full as described in the issuer's registration statement. The reporting person is a member of BP SPAC Sponsor LLC, an entity organized under the laws of Texas, a managing member of the Sponsor.
F3 As such, the reporting person has voting and investment discretion with respect to the ordinary shares held of record by the Sponsor and may be deemed to have shared beneficial ownership of the ordinary shares held directly by the Sponsor and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.