Ogier advises JVSPAC in US$2.3 billion de-SPAC merger with Hotel101 Global

Ogier acted as British Virgin Islands counsel to JVSPAC Acquisition Corp in its landmark US$2.3 billion de-SPAC merger with Hotel101 Global Holdings Corp – the first Filipino-owned company ever to be listed and traded on Nasdaq.

Following the de-SPAC merger, which was one of the largest in the British Virgin Islands (BVI), Hotel101's shares commenced trading on the Nasdaq under the ticker symbol HBNB on 1 July 2025.

The business combination involved a company amalgamation in Singapore followed seamlessly by a statutory merger in the BVI, which was led by Ogier.

The Ogier team in Hong Kong was led by partner Rachel Huang, with support from the firm's global head of Corporate, Nathan Powell, associate Kingston Tang and paralegal Josie Ma. Ogier worked closely with JVSPAC's US counsel, Loeb & Loeb LLP, and Hotel101's US counsel, Milbank LLP, in this de-SPAC transaction.

Rachel said: "We are proud to work with a top-tier client on one of the largest de-SPAC transactions in the BVI. Not only does the success of this transaction strengthen Ogier's leading market position in de-SPAC transactions, but it also demonstrates Ogier's efficiency in completing statutory mergers in the BVI for Asian clients."

Ogier also acted as BVI counsel to JVSPAC on its US$57.5 million initial public offering on Nasdaq in 2024.