# 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.

- Type: Acquisition
- Announced: 2023-06-16
- Value: $300.0M
- Status: announced
- Products: chemically recycled PET resin, r-BHET resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [JEPLAN](https://endata.com/companies/70873.md) (target)
- [AP Acquisition Corp](https://endata.com/companies/70874.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1862993/000110465923071887/tm2318720d1_ex99-1.htm), 2023-06-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.