AP Acquisition and JEPLAN, a chemical recycling technology company, filed an F-4 outlining their proposed merger.
Tokyo-based JEPLAN is engaged in chemically recycled PET technology.
As announced in June, terms call for gross transaction proceeds of up to approximately $180 million, assuming no redemptions by the SPAC’s shareholders. AP Acquisition in July secured a deed of non-redemption with Tokyo Century, which agreed not to redeem 500,000 shares ahead of the merger vote. Read more.
