JVSPAC Acquisition Corp. is a blank check company, or SPAC, incorporated in the British Virgin Islands with no operating business. JVSPAC's sole purpose is to identify, negotiate, and close a merger or acquisition with an operating business. JVSPAC raised $57.5M in its IPO in January 2024 by selling units at $10.00 each, with proceeds held in trust. The sponsor, Winky Investments Limited, acquired founder shares and private placement units at nominal cost ahead of the IPO. If a business combination closes, the sponsor's low-cost shares convert into equity in the combined company. If no deal closes within the allotted timeframe, the trust is liquidated and returned to public shareholders, and the sponsor's shares expire worthless. JVSPAC has signed a merger agreement with Hotel101 Global, the hospitality arm of Philippines-listed DoubleDragon, which would value the combined entity at approximately $2.3B, paid entirely in stock at $10.00 per share. Hotel101 Global would amalgamate with a subsidiary of a new public holding company, with JVSPAC merging into a separate subsidiary. The deal has been amended once, with the merger deadline extended to at least April 2025. The deal remains subject to shareholder approval and other closing conditions. JVSPAC has only two officers and no full-time employees.