DOUBLEDRAGON Corporation’s subsidiary, Hotel 101Global Pte. Ltd. got a reserved ticker symbol "HBNB" at the Nasdaq Stock Exchange.

This is as the firm looks to sign various merger agreements with a special purpose acquisition company (SPAC) this coming March for their planned listing.

According to their regulatory filing, DoubleDragon had said that the ticker symbol had shown the position as a "uniform and consistent bed and breakfast (BNB)."

There are standardized 21-square meter hotel rooms with a single type in multiple countries.

In a statement, DoubleDragon noted that Hotel101 will be signing the definitive SPAC Business Combination Merger Agreement with its chosen sponsor in March.

This will be followed by the official filing of its prospectus, subject to regulatory approvals in the United States.

"DoubleDragon expects Hotel101 Global to very soon become the very first Filipino company to list via SPAC in the US Nasdaq Stock Exchange, and seen to become one of the major brands, concept and business model export of the Philippines," the filing read.

The first three overseas Hotel101 projects will be in Niseko Hokkaido, Japan; Madrid, Spain; and Los Angeles, California in the United States, which are set to jumpstart the company's expansion to other areas.