Company: APACU
Filing Date: 2025-08-22
Form Type: S-1/A
Source: 0001829126-25-006654
Chunk: 19

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-08-22
Form: S-1/A
Chunk 19
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 United States on a U.S. national securities exchange. We currently intend to focus our search for an initial business combination target in the following key verticals: (i) Electronic Commerce, or Ecommerce, (ii) Financial Technology, or Fintech, (iii) Software as a Service, or SaaS, (iv) Renewable Energy, (v) Mining, and (vi) Information Technology, or IT, and IT-Enabled Services. Our current intended geographic focus is the Asia-Pacific, or APAC, and the Europe, Middle East and Africa, or EMEA, regions. Bhargav Marepally, our Chief Executive Officer, and Prabhu Antony, our President and Chief Financial Officer, organized StoneBridge Acquisition Corporation, or the Prior SPAC, and, together with Richard Saldanha, one of our director nominees, and four other individuals, managed the Prior SPAC through an initial business combination in April 2024 with DigiAsia Corp., or DigiAsia (NASDAQ: FAAS). DigiAsia is among the first embedded Fintech as a service companies in Indonesia serving business-to-business-to-consumer customers, such as large corporations and state-owned enterprises, as well as business-to-business customers, such as micro, small and medium-sized enterprise merchants, across various segments. Market Opportunity We believe that Asia (especially South Asia) is entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. We intend to focus our efforts on seeking and completing an initial business combination with a company that has an enterprise value of between $50.0 million and $200.0 million, although we may consider a target entity with a smaller or larger enterprise value. According to a 2017 report published by the Brookings Institution, we may be in the middle of a tipping point where a majority of the world’s population, for the first time ever, will live in middle-class or rich households. The report also suggests that the vast majority (about 88.0 percent) of the next billion entrants into the global middle class will be in Asia (approximately 380.0 million Indians, approximately 350.0 million Chinese, and approximately 200.0 million other Asians). 1This makes Asia a very lucrative, fast growing market for tech-enabled products and services. Separately, according to a McKinsey Global Institute report published in June 2023, Africa is home to the world