Hotel101 Global to Merge with JVSPAC Acquisition Corp, Aiming for Nasdaq Listing with a $2.3B Equity Value
Portfolio Pulse from Benzinga Newsdesk
Hotel101 Global, a subsidiary of DoubleDragon Corporation, is set to merge with JVSPAC Acquisition Corp (NASDAQ:JVSA), aiming for a Nasdaq listing under the ticker 'HBNB' with a $2.3B equity value. The merger, expected to close in the second half of 2024, is subject to regulatory and shareholder approvals.
April 08, 2024 | 7:16 am
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JVSPAC Acquisition Corp (NASDAQ:JVSA) is merging with Hotel101 Global, aiming for a Nasdaq listing under 'HBNB' with a $2.3B equity value, expected to close in H2 2024.
The merger with Hotel101 Global is a significant move for JVSPAC Acquisition Corp, aiming to enhance its market position and equity value. The anticipation of this merger and the potential growth prospects are likely to have a positive short-term impact on JVSA's stock price, given the substantial equity value and the strategic expansion into the hotel prop-tech sector.
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