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The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 and JVSPAC Acquisition Corporation have announced that they have entered into a definitive merger agreement.
The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates (“HOTEL101" or "HBNB") and JVSPAC Acquisition Corporation (NYSE: JVSA) (“JVSPAC”) announced today that they have entered into a binding definitive merger agreement. Hotel101 (HBNB) to have an equity value of US$2.3 billion (₱130 Billion pesos)…
Discover the lucrative merger between JVSPAC Acquisition Corporation (NASDAQ:JVSA) and Hotel101 Global Pte. Ltd., poised to redefine the hospitality industry. As Hotel101 emerges as a pioneer in asset-light "condotel" business models, expect the combined entity to hit NASDAQ under the ticker symbol "HBNB," with an estimated equity value exceeding $2.3 billion.
Article - Condotel Operator Hotel101 Expects Equity Value of over US$2.3 Billion Following Merger with JVSPAC Acquisition Corporation - The Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates and JVSPAC Acquisition Corporation (Nasdaq: JVSA) announced today that they have entered into a definitive merger agreement.
DoubleDragon Corp. on Monday said it is combining its Singapore-headquartered unit Hotel101 Global Pte. Ltd. and JVSPAC Acquisition Corp., with Hotel 101 as the surviving entity. Hotel101 will have an equity value of $2.3 billion (or about P130 billion) following the completion of the merger transaction, which is expected to…