Hotel101 is set to list on Nasdaq by the end of the month.
MANILA, Philippines – Hotel101 Global is set to make history this month as the first Filipino-owned company to be listed and traded on tech-heavy Nasdaq in New York.
This, after the US Securities and Exchange Commission approved on June 2 the registration statement related to the merger between Hotel101 Global Holdings Corp., a subsidiary of DoubleDragon Corp. led by Edgar Sia II and Tony Tan Caktiong, with Nasdaq-listed JVSPAC Acquisition Corp., a special purpose acquisition company based in Hong Kong that was formed in 2021 to execute mergers.
The merger values Hotel101 at an equity value of $2.3 billion or P130 billion at $10 a share.
READ: First in PH: Hotel 101 gets ticket to Nasdaq
Hotel101 said in a statement that the closing of the merger is expected to happen soon, subject to regulatory and…
