From Yahoo Finance: 2025-06-02 10:37:00

Hotel101 Global Holdings Corp and Nasdaq-listed SPAC JVSPAC Acquisition Corp received regulatory approval to move forward with a business combination. The SEC declared effective Hotel101’s registration statement, valuing the hotel at $2.3 billion. This will make Hotel101 the first Philippine-owned company to be listed and traded on Nasdaq.

JVSPAC has scheduled a shareholder meeting on June 24 to vote on the proposed business combination. JVSPAC is a publicly listed shell company that raises funds to merge with a private entity. Hotel101 is the hotel arm of Philippines-listed DoubleDragon.

Read more: Philippines’ DoubleDragon subsidiary Hotel101 progresses towards Nasdaq listing