AP Acquisition Corp

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.

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.

JEPLAN, a Japanese PET chemical recycling technology company, entered a definitive business combination agreement with AP Acquisition Corp, valuing JEPLAN at $300 million. Expected proceeds of up to $180 million will be used to increase production capacity of chemically recycled PET resin.