AP Acquisition Corp.
APCA-UN
New York Stock Exchange11.45
USD
+0.45
- -
CIK
0001862993
Return %
Stock
S&P500
1Y
8.02
18.21
3Y
13.48
63.29
5Y
13.48
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Keiichi Suzuki
- Full Time Employees
- 1
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- The Center Central Hong Kong
- IPO Date
- Dec 17, 2021
- CIK
- 0001862993
- Website
- apacquisitioncorp.com
- Similar Companies
- Business
- AP Acquisition Corp is a special purpose acquisition company (SPAC) primarily focused on the decarbonization and renewable energy sectors with a geographic emphasis on Japan, Asia (excluding Mainland China, Hong Kong, and Macau), and European markets. Established with a founding year prior to its December 2021 initial public offering, the company is headquartered in Hong Kong and was formed to effect mergers, capital stock exchanges, asset acquisitions, or share purchases. Its core operation centers on acquiring and merging with businesses aligned with its strategic focus on sustainability and environmental technology. The company's main product is the facilitation of business combinations with companies in its target sectors rather than manufacturing or selling physical products. Notably, AP Acquisition Corp entered into a definitive business combination agreement with JEPLAN, Inc., a global leader in chemically recycled polyethylene terephthalate (PET) technology, aiming to make JEPLAN a U.S. publicly listed company via this merger. JEPLAN's technology enables unlimited recycling of PET bottles and textiles, supporting a circular economy. This transformative partnership with JEPLAN places AP Acquisition Corp firmly in the sustainable technology and chemical recycling industry space. Recent major changes include the announcement and progression of the business combination with JEPLAN, which was set to close in late 2023, marking a strategic shift from a blank check entity to an operational public company focused on sustainable and chemical recycling technologies. The combination agreement valued JEPLAN at approximately $300 million equity, with AP Acquisition providing significant funding and strategic support. Additionally, AP Acquisition secured commitments from strategic partners, such as Tokyo Century Corporation, enhancing its financial and operational capacity for the business combination. AP Acquisition Corp's management team includes experienced professionals such as CEO Keiichi Suzuki and Chairman Richard Folsom, supporting its focus on sustainability and growth in renewable energy and circular economy industries. The company is backed by Advantage Partners and collaborates with global investors to advance its acquisition and operational goals. Overall, AP Acquisition Corp operates in the financial and sustainable technology industries, targeting public market listings primarily in New York and focusing on businesses contributing to decarbonization and environmental sustainability initiatives. This description highlights AP Acquisition Corp's role as an acquisition-focused entity, its main operational focus on sustainability and chemical recycling through its partnership with JEPLAN, and its recent strategic developments transforming it from a SPAC to an operating company in the sustainability sector.