# Jeplan to merge with AP Acquisition Corp in SPAC deal

Japanese plastic recycling company Jeplan Inc. plans to merge with SPAC AP Acquisition Corp to list on the NYSE, valuing Jeplan at around $300 million and the merged entity at $429 million.

- Type: Acquisition
- Announced: 2024-03-10
- Where: United States
- Value: $300.0M
- Status: announced
- Products: chemical recycling technology for PET bottles
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.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/1862993/000110465924033529/tm2320708d20_425.htm), 2024-03-12: "This buys us time."

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