Hotel101 Global Holdings Corp. (NASDAQ: HBNB) plans to offer perpetual convertible preferred shares to raise up to USD 300 million. The Proposed Transaction aims to support the company’s prop-tech, asset-light business model for global expansion. The net proceeds will fuel strategic growth of Hotel101 projects worldwide. The company targets securing commitments for a substantial portfolio of rooms in multiple countries by 2026 via joint ventures and licensing agreements. Hotel101 Global aims to operate one million rooms across 100 countries, delivering consistent, affordable hospitality on a global scale. The Board has authorized management to engage necessary parties for the Proposed Transaction.

Read more at GlobeNewswire: Hotel101 Global Holdings Corp. Announces Proposed Offering