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APAC

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Stonebridge Acquisition Corp

15.5601
+3.8601 (+32.99%)
Last Update: 03 Apr 2024 02:59:00
Yesterday: 11.7
Day's Range: 0. - 0.
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Stonebridge Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 for the purpose of acquiring or merging with one or more businesses or assets. The company is listed on the NASDAQ stock exchange under the ticker symbol "APACU".

The management team of Stonebridge Acquisition Corp is led by CEO and Chairman Jack A. Nadal, who has over 30 years of experience in investment banking and private equity. The team also includes CFO and Director Michael J. Levitt, who has over 25 years of experience in finance and accounting.

Stonebridge Acquisition Corp raised $200 million in its initial public offering (IPO) in February 2021. The company has stated that it intends to focus on acquiring a business in the technology, media, or telecommunications (TMT) sector, but it has not yet announced any specific acquisition targets.

As a SPAC, Stonebridge Acquisition Corp has a limited time frame to complete a merger or acquisition, typically within two years of its IPO. If it fails to do so, it must return the funds raised in its IPO to its investors.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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