StoneBridge Acquisition II Corp (NASDAQ: APAC) is a blank-check company formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. It generates no operating revenue in its pre-combination state. The company raised $57,500,000 in its IPO, which closed in October 2025, and placed those proceeds in a Trust Account invested in U.S. government treasury obligations with maturities of 185 days or less, money market funds investing only in direct U.S. government obligations, or interest-bearing bank demand deposit accounts. StoneBridge Acquisition II Corp has until April 1, 2027 (18 months from IPO closing) to consummate an initial business combination, subject to possible extension. The company is incorporated in the Cayman Islands and headquartered at One World Trade Center, Suite 8500, New York, NY 10007. Bhargav Marepally and Prabhu Antony each beneficially own approximately 13.2% of outstanding ordinary shares as of the 10-K filed March 18, 2026.
Source: SEC 10-K, filed 2026-03-18
Industry: Blank Checks
Loading...