Hotel101 signs US$2.3B merger deal with JVSPAC to publicly list on NASDAQ

From left: Albert Wong, Chairman of NASDAQ-listed JVSPAC Acquisition Corp with DoubleDragon/Hotel101 Chairman Edgar Injap Sia II, CEO Hannah Yulo Luccini, and Co-Chairman Tony Tan Caktiong

Upon completion of the business combination transaction, the combined entity is expected to be publicly listed on the US NASDAQ under the ticker symbol “HBNB.” Hotel101 is a hotel prop-tech operator pioneering a globally standardized, asset-light “condotel” business model. The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates and JVSPAC Acquisition Corporation announced today that they have entered into a binding definitive merger agreement.

And to become a majority-owned subsidiary of DoubleDragon Group, and the fresh equity to increase its capital base, and to further streghthen the balance sheet of DoubleDragon Corporation.

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Hotel101 Global inks merger agreement with JVSPAC for Nasdaq listingHotel 101 Global Pte. Ltd., the Singapore-headquartered subsidiary of DoubleDragon Corp., on Monday said it has entered into a definitive merger agreement with JVSPAC Acquisition Corp. for its Nasdaq listing.
Fonte: gmanews - 🏆 11. / 68 Consulte Mais informação »