Company: APACU
Filing Date: 2025-07-07
Form Type: S-1/A
Source: 0001829126-25-004915
Chunk: 178

Company: StoneBridge Acquisition II Corp
Filing Date: 2025-07-07
Form: S-1/A
Chunk 178
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 have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

While we may pursue an initial business combination target in any industry or geographic location, we intend to focus our search on international businesses that would benefit in valuation arbitrage by going public in the 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) Ecommerce, (ii) Fintech, (iii) SaaS, (iv) Renewable Energy, (v) Mining, and (vi) IT and IT-Enabled Services. Our current intended geographic focus is the APAC and EMEA regions.

Bhargav Marepally, our Chief Executive Officer, and Prabhu Antony, our President, organized the Prior SPAC, and, together with three of our four director nominees, managed the Prior SPAC through an initial business combination in April 2024 with DigiAsia (NASDAQ: FAAS), an embedded Fintech as a service company in Indonesia serving business-to-business-to-consumer customers, as well as business-to-business customers, across various segments.

<div align='center'>Market Opportunity</div>

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 Institute, 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). This 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’s youngest and fastest-growing population, burgeoning cities