Hotel101 Nasdaq listing faces July 2025 deadline

DoubleDragon Corporation has until July 23, 2025 to push through with the merger of Hotel101 Global Pte. Ltd. JVSPAC Acquisition Corporation, which will result in its $2.3 billion listing on the NASDAQ.

- By JAMES A. LOYOLA

While the listing is targeted for the first half of 2025, Hotel 101 Global has already paid JVSPAC for more time to push through with the merger and will need to pay again for another extension later this month.

“In a regulatory filing, JVSPAC said, “On Jan. 8, 2025, we received $1,000,000 from Hotel101 Global. Using the funds received from Hotel 101 Global, we deposited $575,000 into the Trust Account on January 13, 2025, extending the time available to consummate a Business Combination for an additional three (3) months, from Jan. 23, 2025 to April 23, 2025.”