Selina has enhanced its leadership with the appointment of Sam Khazary as Senior Vice President and Head of Global Corporate Development, alongside the promotion of Steven Ohayon to Head of Strategy. Both will contribute significantly to Selina's expansion and upcoming public listing. Khazary brings nearly 20 years of experience from Fosun International, while Ohayon has been crucial in Selina's growth from 2 to 144 locations. Selina aims to capitalize on a $350 billion travel market, positioning itself as a leading lifestyle brand for Millennial and Gen Z travelers.
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Selina, a leading experiential hospitality brand targeting Millennial and Gen Z travelers, has entered into a business combination agreement with BOA Acquisition Corp. (NYSE: BOAS). The management team will participate in several upcoming virtual conferences, including the ICR Conference on January 11th and the Needham Growth Conference on January 14th. Selina aims to address the needs of modern travelers through unique accommodations and local experiences, with 134 properties across 23 countries. The business combination will lead to Selina's public listing under the ticker symbol 'SLNA'.
Selina, a leading hospitality brand aimed at Millennial and Gen Z travelers, has entered into a business combination with BOA Acquisition Corp. (NYSE: BOAS) valuing the pro forma company at approximately $1.2 billion. The deal provides $285 million in proceeds to support international expansion and technology investments. Selina aims to achieve EBITDA positivity by Q1 2023 and generate $1.2 billion in revenue by 2025. The transaction is expected to close in H1 2022, subject to shareholder approvals.
BOA Acquisition Corp. (NYSE: BOAS.U) announced that holders of its 23 million units sold during the IPO on February 26, 2021, can start trading shares of Class A common stock and warrants separately from March 31, 2021. The units will continue trading under the symbol BOAS.U, while the common stock and warrants will trade under BOAS and BOAS WS, respectively. Holders must contact Continental Stock Transfer & Trust Company to separate the units. The company operates as a blank check entity for business combinations.