DoubleDragon’s Hotel101 Global set for Nasdaq listing this month

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June 4, 2025 | 12:00am

MANILA, Philippines — Hotel101 Global Pte. Ltd., a subsidiary of DoubleDragon Corp., is poised to push through with its US listing this month.

DoubleDragon said the United States Securities and Exchange Commission has declared effective Hotel101’s registration statement.

The filing is in connection with the previously announced business combination agreement between Hotel101 and JVSPAC Acquisition Corp.

“The closing of the business combination is expected to occur as soon as possible, subject to regulatory and shareholder approvals and other customary closing conditions,” DoubleDragon said.

DoubleDragon said the business combination values Hotel101 at an equity value of $2.3 billion at $10 per share. 

The combined company will operate as Hotel101 Global Holdings Corp.

Hotel101 Global, which will trade under the ticker symbol HBNB, is expected to list on the Nasdaq this month. 

Upon listing, Hotel101 Global will be the first Filipino-owned company to be listed and traded on US Nasdaq.

Hotel101-Global officially filed and submitted its F-4 registration statement earlier this year, marking a significant step toward its Nasdaq listing.

Last year, the Singapore-headquartered Hotel101 Global entered into a definitive merger agreement with JVSPAC.

The US listing of Hotel101 Global is set to open new doors for the company to tap the deep and broad pool of capital in the US.

DoubleDragon aims to make Hotel101 the largest hotel company in the Philippines and simultaneously become one of the top five hotel companies in the world. 

Hotel101’s long-term vision is to have one million rooms, operating in over 100 countries worldwide.