Recycling upstart tests waters with debut on NYSE

New solution: A worker sorting plastic bottles in Dhaka, Bangladesh. Jeplan’s technology would allow such material to be reused millions of times. — Reuters

Tokyo: A small Japanese plastic recycling company is gearing up to go public in the United States through a merger with a special purpose acquisition company (SPAC) this month, even as many initial public offering (IPO) hopefuls are delaying or scrapping such plans.

Kawasaki-based Jeplan Inc plans to merge with SPAC AP Acquisition Corp to debut on the New York Stock Exchange (NYSE) in coming weeks.