Company: APACU
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001829126-25-006654
Chunk: 20

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-08-22
Form: S-1/A
Chunk 20
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’s youngest and fastest-growing population, burgeoning cities, and bold innovations in everything from Fintech to clean energy. With its population expected to nearly double to approximately 2.5 billion people by 2050, the continent presents myriad opportunities for robust, inclusive growth that harness its rich natural resources and abundant human potential to increase prosperity not only in Africa but around the world. 2 Global venture capital firms and investors have been pouring capital into these markets and that has created a dire need for scaled-up firms to exit and obtain liquidity for its investors through overseas listings on U.S. national securities exchanges.

| 1 | See Kharas, H. (2017, February 28). The unprecedented expansion of the global middle class: An update. Brookings Institution.                 |
| 2 | See McKinsey Global Institute. (2023, June 5). Reimagining economic growth in Africa: Turning diversity into opportunity. McKinsey & Company. |

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As an example, in India, in order to conquer the Indian middle-class markets, founders and startups have created niche business models through cutting-edge technology and have scaled them exponentially at a staggering growth through large quantum of early-stage growth capital infusion from Silicon Valley and global venture capital firms. This has resulted in creating the next generation of “Unicorns” (a term coined for companies with a valuation of $1.0 billion or more) and “Soonicorns” (a term coined for companies expected to achieve $1.0 billion or more in valuation in the near future (frequently, the next two years)). India currently has approximately 117 Unicorns and approximately 112 Soonicorns. 3 Despite a large base of Unicorns and Soonicorns, only approximately 11 Indian companies are currently listed on U.S. national securities exchanges and U.S. over-the-counter markets, compared to, as of March 2025, approximately 286 Chinese companies listed on the major U.S. national securities exchanges with a combined market capitalization of over $1.1 trillion. 4With no appetite in the Indian domestic capital markets for currently-unprofitable-but-fast-growing Unicorns, there is tremendous opportunity to facilitate the listing of such companies on major U.S. national securities exchanges, through business combinations with SPACs such as ours. We believe that the background, experience, capabilities, relationships and track record of our management team will make us an attractive partner for potential target businesses, enhance our ability to complete