JEPLAN to go public via a merger with AP Acquisition in a $300m deal.

JEPLAN, a developer of new recycling technologies and systems that meet the various needs of consumers, is set to go public via a merger with Advantage Partners-backed AP Acquisition, a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, in a $300m deal. "JEPLAN has been working very hard in order to realize our vision, “BRING everyone into circular economy”, and has been supported by many investors since our inception. We are now aiming to make our business more global by raising funds through listing on the NYSE. Today, as the first step towards achieving that goal, I am very happy to announce our entry into a business combination agreement with AP Acquisition Corp. Going forward, JEPLAN will use this funding to expand the reach of our innovative chemical recycling business to the rest of the world," Masaki Takao, JEPLAN CEO and Founder.