Selina, Next Location: New York Stock Exchange
Selina is one of the world's largest hospitality brands created to address the needs of Millennial and Gen Z travelers.
Ticker: SLNA
BOA Acquisition Corp is a newly organized blank check company whose purpose is to seek acquisition opportunities in PropTech. Ticker: BOAS US
The Company, the Acquisition and the Public Offering
On December 2, 2021, Selina entered into a business combination agreement with BOA Acquisition Corp (NYSE: BOAS), which will result in Selina becoming a publicly traded company on the New York Stock Exchange under the new ticker symbol "SLNA". The market valuation of the hotel giant is estimated to be close to USD 1.2 billion.
The deal includes a USD 70 million private investment in public equity from South Light Capital, MORE Investment House and Ronald Cohen. The merger is expected to be completed in the first half of 2022.
Let's learn more about Selina and her relationship with Panama.
Founded in 2015, each Selina property is designed in partnership with local artists and trendsetters. Combining beautifully designed accommodations with coworking, recreation, wellness and local experiences. Tailored for today's nomadic traveler, Selina offers guests a global infrastructure for hassle-free travel and work abroad.
