Selina Files Registration Statement on Proposed Merger with BOA Acquisition

Selina Hospitality said it filed a registration statement on Form F-4 outlining its proposed business combination with BOA Acquisition.

If approved, the combined company is expected to trade on the Nasdaq under the ticker symbol SLNA.

Selina is a lifestyle and experiential platform targeting Millennial and Gen Z travelers.

BOA and Selina last month agreed to reduce the cash proceeds condition from $70 million to $55 million. BOA also extended the deal’s termination date from Aug. 26 to Oct. 25.

Assuming zero redemptions, the business combination is expected to provide Selina with $285 million.

The deal values the pro forma company at an equity value of approximately $1.2 billion. Read more.

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