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The latest update is out from JVSPAC Acquisition Corp. Class A ( (JVSA) ).
On January 20, 2025, the Philippines Star published an article regarding JVSPAC Acquisition Corp.’s ongoing merger discussions with Hotel101 Global and DoubleDragon Corporation. The merger, anticipated to close in the first half of 2025, involves capital-raising options including an equity follow-on, although no definitive plans have been made. DoubleDragon is set to raise P51.3 billion in 2025, marking its largest equity increase, via Hotel101 Global’s US equity listing and the CentralHub REIT listing. Hotel101 Global aims to become the first Filipino firm to list on Nasdaq, potentially enhancing DoubleDragon’s financial positioning. The developments signal significant growth potential for DoubleDragon and its stakeholders by expanding its market reach and financial resources.
More about JVSPAC Acquisition Corp. Class A
YTD Price Performance: 0.81%
Average Trading Volume: 20,582
Technical Sentiment Consensus Rating: Strong Sell
Learn more about JVSA stock on TipRanks’ Stock Analysis page.