US$2.3 billion proposed listing of Hotel101 Global on New York Stock Exchange through a business combination with special purpose acquisition company JVSPAC Acquisition Corporation
Allen & Gledhill is advising the Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates (“Hotel101”) on its US$2.3 billion proposed listing on the New York Stock Exchange through a business combination with a NASDAQ-listed special purpose acquisition company, JVSPAC Acquisition Corporation.
Upon completion of the proposed business combination transaction, the combined entity is expected to be publicly listed on the NASDAQ under the ticker symbol “HBNB”. The NASDAQ listing will provide Hotel101 with access to public capital markets and help accelerate their global expansion plans.
Advising Hotel101 on the Singapore law aspects of the proposed business combination transaction are Allen & Gledhill Partners Christian Chin, Nicholas Soh, Sunit Chhabra, Shalene Jin, and Lim Xiu Hui.
