secwatch.observer — SEC 8-K summary
======================================

Issuer:     AP Acquisition Corp (—)
CIK:        0001862993
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-071887
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AP Acquisition Corp (APCA) enters definitive business combination with JEPLAN, Inc.
--------------------------------------------------------------------------------

- SPAC AP Acquisition Corp signs definitive agreement with JEPLAN, a Japanese chemical recycling company.
- Transaction values JEPLAN at $300M; exchange ratio based on $300M / fully diluted shares divided by $10.00.
- PIPE Investment at $10.00 per share to close concurrently; minimum cash condition of $30M from trust and PIPE.
- Sponsor and SPAC directors vote for deal, waive redemption, and 12-month lock-up (subject to price trigger).
- Closing subject to shareholder approvals, NYSE listing of PubCo ADSs, and other customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862993/000110465923071887/0001104659-23-071887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862993/000110465923071887/tm2318720d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-071887

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer