NEW YORK–BOA Acquisition Corp. (NYSE: BOAS) (BOA), a special purpose acquisition company, today announced that BOA stockholders voted to approve the previously proposed business combination with Selina Hospitality PLC (“Selina”) at BOA’s special meeting of BOA stockholders (the “Special Meeting”) held on Friday, October 21, 2022.
More than 83% of the votes present at the meeting voted to approve the business combination with Selina. Holders of approximately 89.7% of BOA’s issued and outstanding shares were present at the Special Meeting. BOA stockholders also voted overwhelmingly to approve the other proposals at the Special Meeting.
“We are pleased to see the broad investor support for our business combination with BOA Acquisition Corp.,” said Rafael Museri, Co-Founder and Chief Executive Officer of Selina. “We believe the Selina brand resonates with a new generation of travelers, and we will continue delivering on our mission to drive meaningful connections between people while remaining focused on achieving profitability as we grow and scale our platform. We are excited about our future as a public company.”
Ben Friedman, President and CFO of BOA Acquisition Corp., commented, “The entire BOA team is excited to move to closing this transaction and watch Selina join the public markets. Selina has established itself as the leading player in a very large and underserved market, and is one of the few companies that is truly disrupting and redefining the future of accommodation on a global basis.”
The business combination is expected to close upon satisfaction of all closing conditions. Upon listing, Selina’s common stock and warrants will be trading on Nasdaq under the new ticker symbols “SLNA” and “SLNAW,” respectively.
The formal results of the vote will be included in a Current Report on Form 8-K to be filed by BOA with the U.S. Securities and Exchange Commission, which will be available at www.sec.gov.