StoneBridge Acquisition Corp. (APACU) Prices $200M IPO


StoneBridge Acquisition Corp. (APACU) Prices $200M IPO

Jul 15, 2021 IPOs by Marlena Haddad

StoneBridge Acquisition Corp.  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “APACU” Friday, July 16.

The new SPAC aims to combine with an Indian target that has an established market share, consistent cash flow, and significant growth potential. StoneBridge is led by CEO Bhargava Marapella and President Prabhu Antony.

Total SPAC deal count for 2021 year-to-date is now 373. This offering is expected to close on Tuesday, July 20.

Cantor Fitzgerald & Co. is serving as sole bookrunner and Odeon Capital Group, LLC, is serving as co-manager. Reed Smith LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.