JEPLAN to go public via merger with AP Acquisition Corp

JEPLAN, Inc., a Japanese PET chemical recycling technology company, has entered into a business combination agreement with AP Acquisition Corp. The deal values JEPLAN at $300 million equity value, with expected gross proceeds of up to $180 million to expand r-PET production capacity.

“The combined company will focus on accelerating the global expansion of JEPLAN’s pioneering and proven PET chemical recycling technology along with its production of recycled PET resin and technology license business.”sec.gov

• 1 source
• sec.govJun 16, 2023

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