BOA Acquisition called an Oct. 21 meeting for its shareholders to vote on the proposed merger with Selina Hospitality, a hotel company targeting Millennial and Gen Z travelers.
The SEC has declared the proxy statement effective as of Sept. 30.
BOA and Selina in July 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. Read more.
