- CEO
- Bhargava Marepally
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- One World Trade Center New York City United States of America 10007
- Business
- StoneBridge Acquisition Corporation (Nasdaq: APAC, APACW) is a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses on targets in high-growth sectors including consumer technology, ecommerce, financial technology, software-as-a-service, renewable energy, mining, and information technology and IT-enabled services, primarily in the Asia-Pacific and Europe, Middle East, and Africa regions; it holds cash reserves raised through its initial public offering for investment in low-risk securities pending a business combination. Incorporated in 2021 and headquartered at One World Trade Center, Suite 8500, New York, New York, the company is led by CEO and Chairman Bhargava Marepally, with a management team experienced in cross-border mergers and acquisitions, IPOs, venture capital, and private equity across Asia and EMEA markets.
In July 2021, StoneBridge Acquisition Corporation completed its initial public offering, raising $200 million in proceeds, with approximately $101 million placed in trust for a potential business combination; the offering was underwritten by Cantor Fitzgerald as left lead. While no merger has been consummated to date, the company's warrants (APACW) continue to trade on Nasdaq, reflecting ongoing market interest in its Asia-EMEA focused strategy. In a related development, StoneBridge Acquisition II Corporation, an affiliate entity incorporated in 2024, recently closed a $57.5 million initial public offering in October 2025, including an over-allotment option, signaling continued expansion in the SPAC structure targeting similar APAC and EMEA opportunities; units began separate trading in November 2025 under symbols APAC, APACR, and APACU.