HOTEL101 GLOBAL SIGNS DEFINITIVE MERGER AGREEMENT WITH JVSPAC ACQUISITION CORPORATION TO PUBLICLY LIST ON THE NASDAQ
JVSPAC Acquisition Corp. (JVSA)
Company Research
Source: PR Newswire
HONG KONG, April 8, 2024 /PRNewswire/ -- The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates ("HOTEL101" or "HBNB") and JVSPAC Acquisition Corporation (Nasdaq: JVSA) ("JVSPAC") announced today that they have entered into a definitive merger agreement. Hotel101 is a hotel prop-tech operator pioneering a globally standardized, asset-light "condotel" business model. Upon completion of the proposed business combination transaction, the combined entity is expected to be publicly listed on the NASDAQ under the ticker symbol "HBNB."Hotel101 is expected to have an equity value of over US$2.3 billion following completion of the transaction, which is expected to close during the second half of 2024 subject to regulatory and shareholder approvals and other customary closing conditions.Management believes that Hotel101 is a global "one room" hotel chain poised to disrupt the tourism industry by offering
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JVSA
Sec Filings
- 5/15/24 - Form 425
- 5/13/24 - Form 425
- 5/13/24 - Form 10-Q
- JVSA's page on the SEC website