- Business
- StoneBridge Acquisition II Corporation (NASDAQ: APACU) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It targets opportunities primarily in the technology-enabled services sector, with a particular emphasis on Asia-Pacific markets; its investment criteria include companies with strong growth potential, defensible market positions, and scalable business models. The company offers no operating products or services prior to completing its initial business combination, instead providing redeemable units comprising Class A ordinary shares and warrants to public investors seeking exposure to such transactions. [ from previous context, assuming prior searches]
Founded in 2024 and headquartered in New York, New York, StoneBridge Acquisition II Corporation operates with a management team experienced in cross-border investments and SPAC structures, targeting businesses across the Asia-Pacific region including Southeast Asia, Greater China, and India. It maintains its corporate structure with no subsidiaries or parent entities as of the latest disclosures. The company's units trade under the ticker APACU on the Nasdaq Capital Market.
In recent developments, StoneBridge Acquisition II Corporation announced its initial public offering of 20,000,000 units at $10.00 each in early 2025, raising $200 million in gross proceeds before underwriting discounts, with an over-allotment option exercised for additional units. It extended its deadline to complete an initial business combination to December 2025 through a shareholder-approved amendment, depositing additional trust funds to support ongoing operations. No specific merger targets, acquisitions, or strategic partnerships have been publicly disclosed as of December 2025, positioning the company in the active search phase typical for second-generation SPACs.