JEPLAN, Inc., A Japanese PET Chemical Recycling Technology Company, To Seek Listing On NYSE Through A Business Combination With AP Acquisition Corp
Portfolio Pulse from Charles Gross
Japanese PET chemical recycling technology company JEPLAN plans to go public on the NYSE through a business combination with AP Acquisition Corp (NYSE: APCA). The combined company will be named JEPLAN Holdings, Inc. and will trade under the ticker symbols 'JPL' and 'JPL WS'. The transaction values the combined company at an estimated equity value of $480 million.
June 16, 2023 | 11:19 am
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AP Acquisition Corp (NYSE: APCA) enters into a definitive business combination agreement with JEPLAN, Inc., valuing the combined company at $480 million.
The business combination with JEPLAN, Inc. will result in the combined company being listed on the NYSE, which could lead to increased investor interest and a potential short-term positive impact on APCA's stock price. The transaction also values the combined company at an estimated equity value of $480 million, which could be seen as a positive development for APCA shareholders.
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