StoneBridge Acquisition Corporation Announces Extension of Deadline to Complete Business Combination
StoneBridge Acquisition Corporation Announces Extension of Deadline to Complete Business Combination
Stonebridge Acquisition Corporation (NASDAQ: APAC, APACU, APACW)
NEW YORK, UNITED STATES, Oct. 12, 2022 /EINPresswire.com/ — StoneBridge Acquisition Corporation (Nasdaq: APACU) (“StoneBridge” or the “Company”), a special purpose acquisition company, today announced that on October 12, 2022, he notified the trustee of the Company’s trust account that he was extending the period available to the Company to effect a business combination from October 20, 2022 to January 20, 2022 (the “Extension” ). The extension is the first of up to two three-month extensions permitted under StoneBridge’s governing documents. As part of this extension, StoneBridge Acquisition Sponsor LLC (the “Sponsor”) will deposit an aggregate of US$1,000,000 into StoneBridge’s trust account no later than October 12, 2022, on behalf of the Company.
About StoneBridge Acquisition Corporation
StoneBridge Acquisition Corporation is a blank check corporation organized for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in the consumer technology, communications, software, SaaS, fintech or media sectors. In addition, the company focuses its search for target companies in the following key verticals: e-commerce, Fintech, SaaS (software as a service), renewable energy and information technology (IT) and IT services and focuses geographically over Asia-Pacific. However, the Company’s efforts to identify a potential target company will not be limited to any particular industry or geographic region.
Caution Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the Company’s pursuit of an initial business combination. No assurance can be given as to the completion of a business combination or its terms. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Prabhu Antoine
President and Chief Financial Officer
(646) 314-3555
p.antony@stonebridgespac.com
Prabhu Antoine
Stonebridge Acquisition Company
+1 646-314-3555
write to us here
