Selina Announces Expedited Funding under Subscription Agreement and Other Financing Updates
On April 23, the Company and Osprey International Limited (“Osprey”) amended the $12 million Subscription Agreement, which was entered into on January 25, 2024.
- On April 23, the Company and Osprey International Limited (“Osprey”) amended the $12 million Subscription Agreement, which was entered into on January 25, 2024.
- Osprey has agreed to expedite the funding of its remaining $6 million investment under that Subscription Agreement via four monthly installments of $1.5 million each through August 2024.
- On April 24, Selina and Bet on America LLC (the former sponsor of BOA Acquisition Corp., the entity involved in the business combination with Selina) entered into a Warrant Exchange Agreement.
- This agreement involves Bet on America LLC returning 6,575,000 private placement warrants for cancellation in exchange for 1,643,750 ordinary shares of Selina.