AP Acquisition ^{Priced, NYSE: APCA}

We are a newly formed company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us, we will not complete our initial business combination with a target that is headquartered China (including Hong Kong and Macau) or conducts a majority of its business in China (including Hong Kong and Macau). Given the global scale and importance of sustainability issues, investors and global capital markets have started to shift their focus towards sustainable investing that considers environmental, social and governance (ESG) factors, alongside financial factors, with the aim to generate better risk-adjusted returns. Our business strategy is to identify and complete our initial business combination with a company whose operations are in the de-carbonization / renewable energy sectors, with a particular focus in Japan/Asia (excluding China) and European markets, and complement the experience of our management team and can benefit from our operational expertise.