- CEO
- Albert Wong
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Hang Tak Building Wan Chai Hong Kong 999077
- IPO Date
- Mar 11, 2024
- Business
- JV SPAC Acquisition Corp. (JVSA) is a blank check company, or special purpose acquisition company, incorporated in the British Virgin Islands in 2021 and headquartered in Wan Chai, Hong Kong, whose sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets, targeting companies at the intersection of lifestyle sectors and technology with enterprise values between $100 million and $600 million, primarily in Greater China with global investment focus across finance, technology, life sciences and healthcare; it offers no current products or services beyond its SPAC structure, including an initial public offering of 5.75 million units at $10.00 each in January 2024 raising $57.5 million held in trust, private placement units to sponsor Winky Investments Limited, and rights convertible to one-fourth of a Class A ordinary share upon a successful business combination. On June 30, 2025, JV SPAC Acquisition Corp. completed its de-SPAC business combination with Hotel101 Global Holdings Corp. (HBNB) via a two-step amalgamation and merger under a 2024 agreement amended thereafter, valuing the pro forma entity at approximately $2.3 billion in equity; all outstanding Class A and Class B ordinary shares converted on a 1-for-1 basis into HBNB ordinary shares, JVSPAC and Hotel101 Global became wholly-owned subsidiaries of HBNB listed on Nasdaq under ticker HBNB effective July 1, 2025, JVSA securities were delisted, the investment management trust terminated, registration rights assigned to HBNB, and prior directors and officers including CEO Albert Wong and CFO Claudius Tsang resigned marking a full change in control.