StoneBridge Acquisition II Corporation Announces Closing of $57.5 Million Initial Public Offering

Rhea-AI Summary

StoneBridge Acquisition II Corporation (Nasdaq: APACU) has successfully completed its initial public offering, raising $57.5 million through the sale of 5,750,000 units at $10.00 per unit. The offering includes 750,000 units issued through an over-allotment option.

Each unit consists of one Class A ordinary share and one right, with the right entitling holders to receive one-tenth of a Class A ordinary share upon completion of an initial business combination. The units trade on Nasdaq under "APACU", with the Class A shares and rights to trade separately under "APAC" and "APACR" respectively. Maxim Group LLC served as the sole book-running manager for the offering.

Positive

• Successfully raised $57.5 million through IPO
• Full exercise of 750,000 unit over-allotment option indicates strong demand
• Listed on major exchange (Nasdaq) providing good liquidity for investors

Negative

• SPAC structure presents inherent risks as no operating business currently exists
• Potential dilution from rights conversion (1/10 share per right)
• No guaranteed timeline for business combination completion

Insights

IPO Specialist

StoneBridge Acquisition II raised $57.5M in its IPO, structured as a potential SPAC seeking acquisition targets.

StoneBridge Acquisition II Corporation has successfully completed its $57.5 million initial public offering, selling 5.75 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one right, with the right entitling holders to receive one-tenth of a Class A share upon completion of an initial business combination. The offering included 750,000 additional units from an exercised over-allotment option, indicating solid initial demand from investors.

The company's structure and unit composition strongly suggest this is a Special Purpose Acquisition Company (SPAC), designed to raise capital for acquiring an existing business. While the press release doesn't explicitly state this, the reference to an "initial business combination" is characteristic SPAC terminology. These investment vehicles give public market investors access to private equity-style acquisitions and have specific timelines to complete deals.

The units began trading on the Nasdaq Capital Market on September 30 under ticker symbol "APACU," with plans for the Class A shares and rights to eventually trade separately under "APAC" and "APACR" respectively. Maxim Group LLC served as the sole book-running manager, handling all aspects of the offering's distribution and sales. The relatively modest size of this SPAC ($57.5 million) positions it to target small to mid-sized acquisition candidates, likely in a specialized sector, though no target industry was specified in this announcement.

NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- StoneBridge Acquisition II Corporation (Nasdaq: APACU) (the “Company”) today announced the closing of its previously announced initial public offering of 5,750,000 units (the “Offering”), which amount includes 750,000 units being issued pursuant to the over-allotment option granted by the Company to the underwriter, at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Company’s initial business combination. The units began trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “APACU” on September 30, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade on Nasdaq under the symbols “APAC” and “APACR,” respectively.

Maxim Group LLC acted as the sole book-running manager for the Offering.

A registration statement on Form S-1, as amended (File No. 333-286983) (the “Registration Statement”), relating to the securities to be sold in the Offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 30, 2025. The Offering was made only by means of a prospectus. Copies of the prospectus relating to the Offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16^th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About StoneBridge Acquisition II Corporation

StoneBridge Acquisition II Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the Offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related prospectus filed in connection with the Offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

StoneBridge Acquisition II Corporation
Bhargav Marepally
CEO
Attn: Investor Relations
E-mail: bhargav.marepally@stonebridgespac.com

FAQ

How much did StoneBridge Acquisition II Corporation (APACU) raise in its IPO?

StoneBridge Acquisition II Corporation raised $57.5 million through the sale of 5,750,000 units at $10.00 per unit, including the full exercise of the over-allotment option.

What does each APACU unit consist of in the StoneBridge Acquisition II IPO?

Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon completion of the initial business combination.

What are the trading symbols for StoneBridge Acquisition II Corporation's securities?

The units trade on Nasdaq under APACU. The Class A ordinary shares and rights will trade separately under symbols APAC and APACR respectively.

Who was the underwriter for the StoneBridge Acquisition II Corporation IPO?

Maxim Group LLC acted as the sole book-running manager for the offering.

When did StoneBridge Acquisition II Corporation's units begin trading?

The units began trading on the Nasdaq Capital Market on September 30, 2025.