StoneBridge Acquisition II (APAC)
Market Price (3/30/2026): $10.05 | Market Cap: $80.9 MilSector: Financials | Industry: Multi-Sector Holdings
StoneBridge Acquisition II (APAC)
Market Price (3/30/2026): $10.05Market Cap: $80.9 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 16% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Weak multi-year price returns2Y Excs Rtn is -4.0%, 3Y Excs Rtn is -44% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.3 Mil | |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 268x | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% | ||
| Key risksAPAC key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 16% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -4.0%, 3Y Excs Rtn is -44% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.3 Mil |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 268x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% |
| Key risksAPAC key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
Qualitative Assessment
AI Analysis | Feedback
StoneBridge Acquisition II (APAC) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. StoneBridge Acquisition II remains in its pre-business combination phase as a Special Purpose Acquisition Company (SPAC), inherently leading to its stock trading near the initial trust value.
As a blank check company, StoneBridge Acquisition II (APAC) was formed specifically to acquire or merge with another business. Its IPO was declared effective on September 30, 2025, and its Class A ordinary shares began separate trading on November 21, 2025. Without a definitive business combination (de-SPAC) announced during the specified period, the stock typically hovers around its initial offering price, commonly $10 per share, reflecting the cash held in trust rather than the valuation of an operational entity.
2. The absence of an identified target company and merger announcement prevents traditional valuation drivers from influencing the stock.
Since November 30, 2025, StoneBridge Acquisition II has not announced a merger agreement or a specific target company, which is the primary catalyst for significant movement in a SPAC's stock price. The lack of a proposed business combination means there are no operational fundamentals, projected earnings, or synergy potential for investors to evaluate, thus keeping the stock largely stagnant around its cash-in-trust value.
Show more
1. StoneBridge Acquisition II remains in its pre-business combination phase as a Special Purpose Acquisition Company (SPAC), inherently leading to its stock trading near the initial trust value.
As a blank check company, StoneBridge Acquisition II (APAC) was formed specifically to acquire or merge with another business. Its IPO was declared effective on September 30, 2025, and its Class A ordinary shares began separate trading on November 21, 2025. Without a definitive business combination (de-SPAC) announced during the specified period, the stock typically hovers around its initial offering price, commonly $10 per share, reflecting the cash held in trust rather than the valuation of an operational entity.
2. The absence of an identified target company and merger announcement prevents traditional valuation drivers from influencing the stock.
Since November 30, 2025, StoneBridge Acquisition II has not announced a merger agreement or a specific target company, which is the primary catalyst for significant movement in a SPAC's stock price. The lack of a proposed business combination means there are no operational fundamentals, projected earnings, or synergy potential for investors to evaluate, thus keeping the stock largely stagnant around its cash-in-trust value.
Show more
Stock Movement Drivers
Fundamental Drivers
The 1.5% change in APAC stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.90 | 10.05 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| Net Income Margin (%) | � | ∞% | 0.0% |
| P/E Multiple | � | 267.6 | 0.0% |
| Shares Outstanding (Mil) | 7 | 8 | -9.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| APAC | 1.5% | |
| Market (SPY) | -5.3% | -19.6% |
| Sector (XLF) | -10.0% | -0.7% |
Fundamental Drivers
The 17.7% change in APAC stock from 8/31/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.54 | 10.05 | 17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| Net Income Margin (%) | � | ∞% | 0.0% |
| P/E Multiple | � | 267.6 | 0.0% |
| Shares Outstanding (Mil) | 7 | 8 | -9.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| APAC | 17.7% | |
| Market (SPY) | 0.6% | -21.9% |
| Sector (XLF) | -10.8% | -2.6% |
Fundamental Drivers
nullnull
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| APAC | 17.7% | |
| Market (SPY) | 9.8% | -21.9% |
| Sector (XLF) | -7.1% | -2.6% |
Fundamental Drivers
nullnull
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| APAC | 17.7% | |
| Market (SPY) | 69.4% | -21.9% |
| Sector (XLF) | 40.5% | -2.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APAC Return | 0% | 0% | 0% | 0% | 17% | 1% | 18% |
| Peers Return | 0% | 0% | 0% | 0% | 8% | -15% | -8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| APAC Win Rate | 0% | 0% | 0% | 0% | 17% | 33% | |
| Peers Win Rate | 0% | 0% | 0% | 0% | 8% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| APAC Max Drawdown | 0% | 0% | 0% | 0% | 0% | 0% | |
| Peers Max Drawdown | 0% | 0% | 0% | 0% | 0% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADAC, ALUB, APAC, ARTC, BBCQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | APAC | S&P 500 |
|---|---|---|
| 2008 Global Financial Crisis | ||
| % Loss | -86.1% | -56.8% |
| % Gain to Breakeven | 620.0% | 131.3% |
| Time to Breakeven | 407 days | 1,480 days |
Compare to ADAC, ALUB, APAC, ARTC, BBCQ
In The Past
StoneBridge Acquisition II's stock fell -86.1% during the 2008 Global Financial Crisis from a high on 3/6/2007. A -86.1% loss requires a 620.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About StoneBridge Acquisition II (APAC)
We are a blank check company incorporated in June 2024 as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we 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) 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. 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. Our executive offices are located in New York, New York.
AI Analysis | Feedback
nullAI Analysis | Feedback
- Initial Business Combination: StoneBridge Acquisition II is a blank check company formed with the sole purpose of effecting a merger, amalgamation, or similar business combination with one or more private businesses to take them public.
AI Analysis | Feedback
As a blank check company (SPAC), StoneBridge Acquisition II (APAC) does not have customers in the traditional sense of selling products or services. Its purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more private businesses. Therefore, it does not sell to other companies or individuals.AI Analysis | Feedback
null
AI Analysis | Feedback
Bhargav Marepally, Chief Executive Officer & Director
Bhargav Marepally is the Chief Executive Officer and a Director of StoneBridge Acquisition II Corporation. He is also the founder and CEO of GSS Infotech Ltd., which he established in 1999. Mr. Marepally holds a double Master's degree from BITS, Pilani. He has over 20 years of experience in the IT Services Industry. He was nominated for "The Entrepreneur of the Year" contest by Ernst & Young in 2005 and received the "Udyog Rattan Award" in 2008 for his contributions to the IT industry. He previously served as the Chief Executive Officer and Director of StoneBridge Acquisition Corporation, which completed a business combination with DigiAsia Corp. in April 2024. Mr. Marepally also founded GSS America, Inc..
Prabhu Antony, President, Chief Financial Officer & Director
Prabhu Antony serves as the President, Chief Financial Officer, and a Director of StoneBridge Acquisition II Corporation. He is a co-founder of Sett & Lucas, a financial institution based in Hong Kong. Mr. Antony has a background in investment banking and corporate development, having served as Vice President of Investment Banking at MAPE Advisory Group and Vice President of Mergers and Acquisitions Integration, Corporate Development at Oracle. In 2016, he was awarded 'Investment Banker of the Year' at the 15th Annual M&A Advisor Awards as a Senior Vice President and Technology Investment Banker at Sett & Lucas, recognized for his ability to drive cross-border transactions in software, digital marketing, and IT services across Europe, Asia, and the Americas. He also held the position of President, Co-Founder, Chief Financial Officer & Director of StoneBridge Acquisition Corporation.
Richard Saldanha, Independent Director
Richard Saldanha is an Independent Director of StoneBridge Acquisition II Corporation. He was involved with the management of the Prior SPAC, StoneBridge Acquisition Corporation, which completed its initial business combination with DigiAsia Corp. in April 2024.
Roshan Boodhoo, Independent Director
Roshan Boodhoo serves as an Independent Director for StoneBridge Acquisition II Corporation.
Joel Huffman, Independent Director
Joel Huffman is an Independent Director of StoneBridge Acquisition II Corporation.
AI Analysis | Feedback
Key Risks to StoneBridge Acquisition II (APAC)
- Risk of failing to complete an initial business combination: As a blank check company, StoneBridge Acquisition II's primary purpose is to effect a business combination. The company explicitly states it has not yet selected a specific target or initiated substantive discussions for an initial business combination. If the company is unable to identify and successfully complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination within the required timeframe, it would likely be forced to liquidate and return funds to its public shareholders, which would result in the complete loss of investors' funds.
- Intense competition for attractive target businesses: The market for suitable business combination targets, particularly in the new economy sectors and geographic regions like Asia-Pacific and EMEA, can be highly competitive. StoneBridge Acquisition II may face competition from other blank check companies, private equity firms, and strategic buyers for desirable businesses. This competition could lead to inflated valuations for potential targets, making it more difficult to identify and acquire a company that offers attractive risk-adjusted returns for its shareholders, or potentially preventing the completion of any business combination at all.
- Dependence on key management personnel: The success of StoneBridge Acquisition II heavily relies on the ability of its executive officers, Bhargav Marepally (CEO) and Prabhu Antony (President and CFO), to identify, evaluate, and successfully execute an initial business combination. While they have prior experience with StoneBridge Acquisition Corporation, the company's prospects are significantly dependent on their continued service and expertise in sourcing and completing a suitable transaction. The loss of these key individuals or their inability to identify an appropriate target could materially adversely affect the company's ability to achieve its objectives.
AI Analysis | Feedback
A sustained decline in investor appetite for SPACs and companies brought public via SPACs, leading to increased redemptions, difficulty in securing necessary financing, and lower post-merger valuations. This trend, if it continues or intensifies, directly threatens the SPAC model's viability as a path to public markets, thereby undermining StoneBridge Acquisition II's core purpose of completing a successful business combination.
AI Analysis | Feedback
nullAI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for StoneBridge Acquisition II (symbol: APAC) over the next 2-3 years:
- Expansion within high-growth new economy sectors, including Electronic Commerce, Financial Technology, Software as a Service, Renewable Energy, Mining, and Information Technology and IT-Enabled Services.
- Capitalizing on economic growth and market opportunities in the Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions, particularly leveraging the new era of economic growth in Asia.
- Increased adoption and market penetration of the acquired target company's products or services within its specific market segments.
AI Analysis | Feedback
nullTrade Ideas
Select ideas related to APAC.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.01 |
| Mkt Cap | 0.1 |
| Rev LTM | 0 |
| Op Inc LTM | -0 |
| FCF LTM | -0 |
| FCF 3Y Avg | - |
| CFO LTM | -0 |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.1 |
| P/S | - |
| P/EBIT | -322.7 |
| P/E | 267.6 |
| P/CFO | -258.1 |
| Total Yield | 0.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.1% |
| 3M Rtn | 0.6% |
| 6M Rtn | 0.6% |
| 12M Rtn | 0.6% |
| 3Y Rtn | 0.6% |
| 1M Excs Rtn | 8.1% |
| 3M Excs Rtn | 8.7% |
| 6M Excs Rtn | 4.2% |
| 12M Excs Rtn | -10.9% |
| 3Y Excs Rtn | -61.2% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mizuho, Securities Usa Llc | Direct | Sell | 11252025 | 9.95 | 531,255 | 5,285,987 | 995,000 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.