04:36 AM EDT, 04/08/2024 (MT Newswires) -- JVSPAC Acquisition ( JVSA ) and Hotel101 Global have agreed to merge, according to a statement on Monday.

After the merger, the hotel and property company owned by DoubleDragon Corporation said it expects to trade on Nasdaq under the ticker symbol, "HBNB" with an equity value of more than $2.3 billion.

The transaction is expected to close in the second half of 2024 pending shareholder approval and regulatory clearances, the company said.