On June 16, 2023, JEPLAN, Inc. (formerly Japan Environment Planning Co., Ltd.; “JEPLAN”) announced that it had entered into a definitive business combination agreement with AP Acquisition Corp (NYSE: APCA), a Special Purpose Acquisition Company (SPAC). The transaction is scheduled to be completed within 2023. JEPLAN aims to globalize its business through the capital raised from its listing on the New York Stock Exchange (NYSE).
AP Acquisition Corp is a SPAC affiliated with Advantage Partners, Inc., a Japanese investment firm. The release from Advantage Partners regarding this agreement can be found here.
APCA had filed a Form S-1 with the SEC on December 1, 2021, and the S-1 was declared effective on December 26, 2021.
JEPLAN Company Profile
- Company Name: JEPLAN, INC.
- Head Office: 12-2 Ogi-machi, Kawasaki-ku, Kawasaki City, Kanagawa Prefecture
- Representative: Masaki Takao, President & CEO, Representative Director
- Established: January 2007
- Capital: 8.6817 billion JPY (including capital reserve) As of June 23, 2023
- Fiscal Year-End: December 31
- Business Description: JEPLAN, Inc. is a company that plans and operates the recycling project “BRING” and manufactures and sells recycled products. It conducts textile and plastic recycling. Through “BRING,” apparel and textile products are collected at storefronts and online shops of participating companies. Items that are still usable are donated or reused, while those that are no longer usable are recycled into polyester raw materials for clothing, jet fuel, or bioethanol. The company also manages a brand that produces T-shirts and other items by recycling used clothing. It provides business consulting services, including SDGs marketing, under the vision of “Circulating Everything.”
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