Singapore's Hotel101 Global merges with JVSPAC Acquisition to list on NASDAQ, valued at over US$2.3B.
Singapore-based Hotel101 Global Pte. Ltd., a subsidiary of Philippine-listed DoubleDragon Corporation, has entered into a definitive merger agreement with JVSPAC Acquisition Corporation to publicly list on the NASDAQ. Hotel101, a hotel prop-tech operator with a globally standardized, asset-light "condotel" business model, is expected to have an equity value of over US$2.3 billion upon completion of the deal, which will close in the second half of 2024. The combined entity will be listed on NASDAQ under the ticker symbol "HBNB."
April 08, 2024
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