Appleby Hong Kong office assisting with the Proposed US$300 Million Series A Perpetual Preferred Share Offering
Hotel101 Global Holdings Corp. (NASDAQ: HBNB) (“HBNB”) announced on 31 March 2026 that its Board of Directors has called for an extraordinary general meeting of shareholders which was held on 22 April 2026 (“EGM”).
Our Hong Kong office’s corporate partner, Kitty Chan, and legal manager, Kelly Tang, assisted with the proposed US$300 million Series A perpetual preferred share offering. At the EGM, shareholders approved the amendments to the Company’s share capital structure, including the increase of authorized share capital by creation of a new class of preferred shares and adoption of the second amended and restated memorandum and articles of association of the Company to reflect the change in authorized share capital in connection with the Company’s capital raising strategy, including the proposed issuance of up to US$300 million in Series A preferred shares and detachable warrants or other similar securities exercisable or convertible into the Company’s ordinary shares as previously disclosed by the Company on 23 January 2026.
With this proposed US$300 million Series A perpetual preferred share offering, HBNB is targeting to further boost its strategic initiatives in 2026 by securing commitments for a substantial portfolio across multiple countries, primarily via joint ventures and licensing agreements with established local partners.
Appleby was proud to have acted as Cayman Islands and British Virgin Islands legal counsel to HBNB in connection with its landmark US$2.3 billion business combination with Nasdaq-listed special purpose acquisition company JVSPAC Acquisition Corp. (NASDAQ: JVSA) in June 2025.
