Hotel101 Global Holdings Corporation and JVSPAC Acquisition Corporation (JVSPAC) announced that the United States Securities and Exchange Commission (SEC) has declared ePective Hotel101's registration statement on Form F-4.
The form was filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC.
Hotel101 management made the announcement yesterday, 2nd June, and the business combination values the firm at an equity value of US$2.3 billion.
The closing of the business combination is expected to occur as soon as possible, subject to regulatory and shareholder approvals and other customary closing conditions.
Upon listing, the combined company will operate as Hotel101 Global Holdings Corp. and trade under the ticker symbol "HBNB".
Once listed, Hotel101 will become the first Filipino-owned company to be listed and traded on Nasdaq.
Hotel101 is a subsidiary of Philippine-listed DoubleDragon Corporation
