Hotel101 Global to Merge With JVSPAC Acquisition Corp, Aiming for Nasdaq Listing With a $2.3B Equity Value
Hotel101 Global to Merge With JVSPAC Acquisition Corp, Aiming for Nasdaq Listing With a $2.3B Equity Value
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."
菲律賓上市投資公司雙龍公司Hotel101 Global Pte總部位於新加坡的子公司Hotel101 Global Pte。Ltd. 及其關聯公司（“HOTEL101” 或 “HBNB”）和JVSPAC收購公司（納斯達克股票代碼：JVSA）（“JVSPAC”）今天宣佈，他們已簽訂最終合併協議。Hotel101是一家酒店物業技術運營商，開創了全球標準化、輕資產的 “公寓式酒店” 商業模式。擬議的業務合併交易完成後，合併後的實體預計將在納斯達克公開上市，股票代碼爲 “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.
交易完成後，Hotel101的股權價值預計將超過23億美元，預計將於2024年下半年完成，但須獲得監管和股東的批准以及其他慣例成交條件。