, with the intent of listing the merged entity on the NASDAQ stock exchange under the symbol “ HBNB ”. Hotel101 said that HBNB is “expected to have an equity value of over US$ 2.3 billion” following the IPO , which Hotel101 expects to happen “during the second half of 2024”. SPAC s are a weird little device that acts as a two-step backdoor listing mechanism.
MRC Allied disclosed that it has agreed to purchase the entirety of Dolphin Fire Group’s 31.2% interest in Rappler...Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
Hotel101 NASDAQ IPO SPAC Equity Value Listing HBNB
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Hotel101 signs US$2.3B merger deal with JVSPAC to publicly list on NASDAQThe 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.
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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.
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