JVSPAC Acquisition completes merger with Hotel101 Global, delists from Nasdaq
Investing.com
Published Jul 09, 2025 06:23AM ET
JVSPAC Acquisition Corp. (NASDAQ:JVSA) announced the completion of its business combination with Hotel101 Global Holdings Corp. on June 30, 2025, resulting in both JVSPAC and Hotel101 Global becoming wholly owned subsidiaries of Hotel101 Global Holdings (HBNB). The information is based on a press release statement filed with the Securities and Exchange Commission.
Following the merger, each outstanding Class A and Class B ordinary share of JVSPAC was converted into one ordinary share of HBNB. In connection with the transaction, JVSPAC entered into an assignment, assumption and amendment agreement with its sponsor and HBNB, transferring its rights and obligations under a prior registration rights agreement to HBNB.
On June 30, 2025, JVSPAC notified the Nasdaq Stock Market LLC of the completion of the business combination and requested suspension of trading of its securities, including Class A ordinary shares, units, and rights, effective July 1, 2025. Nasdaq subsequently filed a Form 25-NSE with the SEC to delist JVSPAC’s securities. JVSPAC intends to file a Form 15 to deregister its securities under Section 12(b) of the Securities Exchange Act and suspend its reporting obligations.
As a result of the transaction, a change in control occurred, with JVSPAC now a wholly owned subsidiary of HBNB. The Investment Management Trust Agreement between JVSPAC and Continental Stock Transfer & Trust Company was terminated as part of the transaction.
In connection with the completion of the merger, JVSPAC’s chief executive officer and chairman, Albert Wong, and chief financial officer and director, Claudius Tsang, resigned from their positions. Directors Frank Clifford Chan, Alex Lau, and Krešimir Coric also stepped down. The company stated these resignations were not due to any disagreements related to company operations, policies, or practices.
Ordinary shares of HBNB began trading on Nasdaq under the symbol “HBNB” on July 1, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.