Item 8.01. Other Events
On October 13, 2022, StoneBridge Acquisition Corporation, a Cayman Islands
exempted company (the "Company"), notified the trustee of the Company's trust
account (the "Trust Account") that it was extending the time available to the
Company to consummate its initial business combination from October 20, 2022 to
January 20, 2023 (the "Extension"). The Extension is the first of up to two (2)
three-month extensions permitted under the Company's governing documents.
Pursuant to the terms of the Company's Amended and Restated Memorandum and
Articles of Association (the "Articles"), on October 13, 2022, in connection
with the Extension, the Company's sponsor, StoneBridge Acquisition Sponsor LLC,
deposited an aggregate of $1,000,000.00 (the "First Extension Payment") into the
Trust Account, on behalf of the Company. This deposit was made in respect of a
non-interest bearing loan to the Company (the "Loan"). If the Company completes
a business combination by January 20, 2023 (or by April 20, 2023 if the Company
exercises an additional three-month extension to extend the time to complete a
business combination), the Company will repay the Loan out of the proceeds of
the Trust Account released to the Company. If the Company does not complete its
initial business combination by January 20, 2023 (or by April 20, 2023 if the
Company exercises an additional three-month extension to extend the time to
complete a business combination), the Company will only repay the Loan from
funds held outside of the Trust Account.
On October 13, 2022, StoneBridge issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing the
Extension. A copy of the press release is filed as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated October 13, 2022
104 Cover Page Interactive Data File (formatted as Inline XBRL and
contained in Exhibit 101)
© Edgar Online, source Glimpses
STOE ACQU 
