December 10, 2023

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Selina founders Rafael Museri and Daniel Rudasevski credit: Inbal Marmari

Selina Hospitality completes SPAC merger, jumps 319%

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Intercontinental hospitality enterprise Selina Hospitality plc (Nasdaq: SLNA), which was launched in 2015 by Israeli entrepreneurs Rafael Museri and Daniel Rudasevski, has observed its share cost soar 319.5% on its 1st working day of buying and selling on Wall Road.

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Selina completed its merger with specific reason acquisition company (SPAC) BOA Acquisition Corp. at a business valuation of $1.2 billion and company value of $942 million, following neutralizing money. The share began investing at $9.75 and opened by dropping 14% prior to a amazing rally saw the share price near 319.5% up on the day at $40.90.

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Museri explained, “The completion of this transaction is more validation of our very differentiated hospitality giving, we can scale the brand name and our special locations to tourists and locals all over the earth like under no circumstances prior to. We glimpse ahead to leveraging this capital to travel very long-expression rewarding expansion, introduce new offerings that facilitate meaningful connections, and increase our technological know-how to assist our immediate world-wide expansion.”

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Headquartered in London, Selina is undergoing rapid enlargement and at this time has a numerous selection of 163 hospitality houses in over 20 nations around the world which include nine in Israel.

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Posted by Globes, Israel organization information – en.globes.co.il – on Oct 28, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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