Jvspac Acquisition CORP
Market Movers (8-K)
Hotel101 Global Holdings Corp. has successfully completed its business combination with JVSPAC Acquisition Corp., leading to HBNB ordinary shares commencing trading on Nasdaq and JVSPAC's delisting.
Hotel101 Global Holdings Corp., an asset-light prop-tech hospitality platform, has successfully closed its business combination with JVSPAC Acquisition Corp. and will commence trading on Nasdaq under the ticker HBNB on July 1, 2025, with an equity value of US$2.3 billion.
Better than expected
8-K: JVSPAC Shareholders Approve Business Combination and Governance Proposals Amidst High Redemptions
JVSPAC Acquisition Corp. shareholders approved the SPAC Merger Proposal, Advisory Governance Proposals, and Nasdaq Proposal at an extraordinary general meeting, despite a significant number of shares tendered for redemption.
Worse than expected
Hotel101 Global Holdings Corp. and JVSPAC Acquisition Corp. announced that the U.S. SEC has declared effective Hotel101's Form F-4 registration statement, a crucial step towards their proposed business combination and Nasdaq listing.
Capital raise
JVSPAC Acquisition Corp. announced the disclosure of a Forbes article detailing Hotel101 Global's significant expansion plans in Saudi Arabia, including a $2.5 billion investment to build 10,000 rooms, ahead of its anticipated Nasdaq listing.
Better than expected
Capital raise
Hotel101 Global, a subsidiary of DoubleDragon Corporation, is expected to list on the Nasdaq in the second quarter of 2025 via a merger with JVSPAC Acquisition Corp., potentially generating significant equity for DoubleDragon.
Delay expected
Quarterly Earnings (10-Q)
JVSPAC Acquisition Corp. announced a net income of $417,109 for the quarter ended March 31, 2025, and has extended its business combination deadline to July 23, 2025.
Delay expected
Worse than expected
10-Q: JVSPAC Acquisition Corp. Reports Net Income of $1.4 Million for Nine Months Ended September 30, 2024
JVSPAC Acquisition Corp. reported a net income of $1.4 million for the nine months ended September 30, 2024, primarily driven by interest income from its trust account.
Better than expected
Capital raise
JVSPAC Acquisition Corp. announced a net income of $772,143 for the six months ended June 30, 2024, while progressing with its planned merger with Hotel101 Global.
Capital raise
JVSPAC Acquisition Corp. reported a net income of $330,961 for the first quarter of 2024 and announced a merger agreement with Hotel101 Global.
Capital raise
Annual Reports (10-K)
JVSPAC Acquisition Corp. files an amendment to its annual report to correct the date of the independent auditor's report and acknowledges substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
JVSPAC Acquisition Corp.'s Form 10-K reveals a merger agreement with Hotel101 Global, extension of the business combination deadline, and concerns about the company's ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
JVSPAC Acquisition Corp.'s annual report details its share structure, financial status, and risks associated with its blank check company operations, particularly concerning potential business combinations in China.
Worse than expected
Capital raise
Insider Trading (Form 4)
425: JVSPAC Shareholders Approve Business Combination and Governance Proposals Amidst High Redemptions
JVSPAC Acquisition Corp. shareholders overwhelmingly approved the SPAC Merger Proposal, advisory governance proposals, and the Nasdaq Proposal at its Extraordinary General Meeting on June 24, 2025, despite a significant number of shares tendered for redemption.
Hotel101 Global, a unit of Philippine-listed DoubleDragon, is set to list on Nasdaq following a $2.3 billion merger with JVSPAC Acquisition Corp., aiming for significant international expansion into new regions like Latin America and Oceania.
Capital raise
Hotel101 Global Holdings Corp. and JVSPAC Acquisition Corp. have filed a definitive proxy statement/prospectus for their proposed business combination, with a shareholder vote scheduled for June 24, 2025.
Hotel101 Global Holdings Corp. and JVSPAC Acquisition Corp. announced the SEC has declared Hotel101's Form F-4 registration statement effective, paving the way for a shareholder vote on their US$2.3 billion business combination.
Capital raise
Hotel101 Global, backed by Jollibee founder Tony Tan Caktiong and real estate tycoon Edgar Sia II, announced a massive $2.5 billion plan to build 10,000 hotel rooms in Saudi Arabia, a strategic move preceding its anticipated Nasdaq listing through a merger with JVSPAC Acquisition Corp.
Capital raise
Better than expected
Hotel101 Global, a subsidiary of DoubleDragon Corporation, is expected to list on the Nasdaq Stock Exchange within the second quarter of 2025 through a merger with JVSPAC Acquisition Corp.
Proxy Statements (Def-14A)
JVSPAC Acquisition Corp. is seeking shareholder approval for its proposed $2.3 billion business combination with Hotel101 Global Holdings Corp., aiming to create a globally expanding asset-light, prop-tech hospitality platform.
Delay expected
Capital raise
Worse than expected
Schedule 13G - Passive Investments
Meteora Capital, LLC and Vik Mittal report 0% beneficial ownership in JVSPAC Acquisition Corp.'s Class A ordinary shares.
Worse than expected
AQR Capital Management and its affiliates have reported zero beneficial ownership in JVSPAC Acquisition Corp.'s Class A ordinary shares.
Worse than expected
First Trust Capital Management L.P. and its affiliates have filed an amended Schedule 13G, reporting a complete divestment of their beneficial ownership in JVSPAC Acquisition Corp.'s Class A Ordinary Shares.
Worse than expected
Multiple Wolverine entities and individuals have filed an amended Schedule 13G, indicating they no longer hold any beneficial ownership in JVSPAC Acquisition Corp.'s Class A Ordinary Shares.
Meteora Capital, LLC and its managing member Vik Mittal have disclosed a 9.58% beneficial ownership stake in JVSPAC Acquisition Corp., holding 598,324 Class A ordinary shares.
Mizuho Financial Group, Inc. has filed an amended Schedule 13G, revealing a 9% beneficial ownership stake in JVSPAC Acquisition Corp. as of March 31, 2025.