Streetbeat News

JVSA

JVSPAC Acquisition Corp.

Open

10.43

Mkt cap

80M

Volume

16K

High

10.45

P/E Ratio

58.06

52-wk high

10.45

Low

10.43

Div yield

N/A

52-wk low

10.02

JVSPAC Acquisition Corporation (NASDAQ:JVSA) is merging with Hotel101 Global Pte. Ltd., a subsidiary of DoubleDragon Corporation, to go public on NASDAQ under the ticker 'HBNB'. Hotel101, a hotel prop-tech operator, is expected to have an equity value of over $2.3 billion post-merger. The merger, expected to close in the second half of 2024, will mark Hotel101's expansion, including new properties in Madrid, Niseko, and Los Angeles.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 9:58 am

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.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 7:16 am

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