StoneBridge Acquisition II Corp (APAC) Form 10-Q — May 15, 2026
StoneBridge Acquisition II Corp (APAC) filed its Q1 2026 10-Q, reporting net income of $387,601 driven primarily by $510,416 in dividend income from its Trust Account, offset by $126,942 in general and administrative expenses. The company holds $58.6 million in its Trust Account and $330,000 in operating cash, with no operating revenues generated as it remains in the pre-business combination phase. The filing discloses that Richard Saldanha resigned as an independent director in May 2026, resulting in the return of his 25,000 Class B founder shares to the Sponsor.
Key figures
- Net Income
- 387601
- Total Assets
- 59032012
- Cash Position
- 329698
- Working Capital
- 422164
- Dividend Income Trust
- 510416
- Trust Account Balance
- 58558815
- Class AShares Outstanding
- 6133750
- Class BShares Outstanding
- 1916667
- General And Administrative Expenses
- 126942
Price after filing
Close on the filing date to close N calendar days later (from $10.10). Historical, not a forecast.
AI analysis
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