Form 8-K - Current report
11 Octubre 2023 - 4:23PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 4, 2023
StoneBridge
Acquisition Corporation
(Exact name of registrant as specified in its charter)
Cayman Islands |
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001-40613 |
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N/A |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
One World Trade Center
Suite 8500
New York, NY 10007
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (646) 314-3555
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading
Symbol(s) |
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Name of each exchange on
which registered |
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Units, each consisting of one Class A ordinary share and one-half of one Redeemable Warrant |
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APACU |
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The Nasdaq Stock Market LLC |
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Class A ordinary shares, par value $0.0001 per share |
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APAC |
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The Nasdaq Stock Market LLC |
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Warrants, each exercisable for one Class A ordinary share for $11.50 per share |
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APACW |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events
As previously disclosed on the Form 8-K filed
on September 13, 2023, with the Securities and Exchange Commission, StoneBridge Acquisition Corporation, a Cayman Islands exempted company
(the “Company”), received written notice (the “Delisting Letter”) from the Nasdaq
Stock Market (“Nasdaq”) stating that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(3)
within the compliance period. According to the Delisting Letter, unless the Company requests an appeal of this determination, the Company’s
securities will be delisted from The Nasdaq Capital Market, trading of the Company’s ordinary shares will be suspended at the opening
of business on September 18, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission to remove the Company’s
securities from listing and registration on Nasdaq.
On September 13, 2023, the Company submitted a
request to appeal such determination by requesting a hearing to the Hearings Panel (the “Panel”), pursuant to
the procedures set forth in the Nasdaq Listing Rule 5800 Series to stay the suspension of the Company’s securities and the filing
of the Form 25-NSE pending the Panel’s decision. The Panel subsequently, on September 13, 2023, granted the Company’s request
for a hearing which was to be held on November 2, 2023 (the “Hearing”).
On October 4, 2023, the Company received written
notice from Nasdaq stating: (i) that the Company had regained compliance with the minimum 300 public holders’ requirement for continued
Listing Rule 5550(a)(3), (ii) that the Company is in compliance with the Nasdaq Capital Market’s listing requirements, (iii) that
the Hearing has been cancelled, and (iv) that the Company’s securities will continue to be listed and trade on Nasdaq.
Forward Looking Statements
This Current Report on Form 8-K (the “Current
Report”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such
as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,”
“may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include,
but are not limited to, that there can be no assurance that the Company will otherwise meet Nasdaq compliance standards, or that Nasdaq
will grant the Company any relief from delisting in the future as necessary or that the Company can ultimately meet applicable Nasdaq
requirements for any such relief. The forward-looking statements contained in this Current Report speak only as of the date of this Current
Report and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events,
or circumstances after the date of this report, unless required by law.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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StoneBridge Acquisition Corporation |
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By: |
/s/ Bhargava Marepally |
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Name: |
Bhargava Marepally |
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Title: |
Chief Executive Officer |
Date: October 11, 2023
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Oct. 04, 2023 |
Document Information [Line Items] |
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Document Type |
8-K
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Amendment Flag |
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Document Period End Date |
Oct. 04, 2023
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Entity File Number |
001-40613
|
Entity Registrant Name |
StoneBridge
Acquisition Corporation
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Entity Central Index Key |
0001844981
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Entity Tax Identification Number |
00-0000000
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Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
One World Trade Center
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Entity Address, Address Line Two |
Suite 8500
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Entity Address, City or Town |
New York
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Entity Address, State or Province |
NY
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Entity Address, Postal Zip Code |
10007
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City Area Code |
646
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Local Phone Number |
314-3555
|
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Pre-commencement Tender Offer |
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Unit [Member] |
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Document Information [Line Items] |
|
Title of 12(b) Security |
Units, each consisting of one Class A ordinary share and one-half of one Redeemable Warrant
|
Trading Symbol |
APACU
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Security Exchange Name |
NASDAQ
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Common Class A [Member] |
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Document Information [Line Items] |
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Title of 12(b) Security |
Class A ordinary shares, par value $0.0001 per share
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Trading Symbol |
APAC
|
Security Exchange Name |
NASDAQ
|
Warrant [Member] |
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Document Information [Line Items] |
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Title of 12(b) Security |
Warrants, each exercisable for one Class A ordinary share for $11.50 per share
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Trading Symbol |
APACW
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Security Exchange Name |
NASDAQ
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StoneBridge Acquisition (NASDAQ:APACU)
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