Benzinga | Jan 7, 2022 01:04PM EST

EXCLUSIVE: BOA Acquisition Merger Partner Selina Says Expects To Exceed 2021 Revenue Forecast Of $93M; Says Saw 'an acceleration of sales throughout fiscal year 2021'

NEW YORK (January 7, 2022) -- Selina, the fast-growing lifestyle and experiential hospitality

brand targeting Millennial and Gen Z travelers, announced today that it celebrated a record

month in December with the opening of six new destinations and the soft launch of an additional

six locations. This represents the highest-volume month of openings in the company's history, at

a pace of three per week. Collectively, these new locations add more than 2,800 beds to Selina's

global network of hotels for remote workers and digital nomads and advance the brand's global

expansion, marking its entrance into the new markets of Uruguay, Australia and Thailand. Of the

12 locations, four are in Israel, three are in Brazil, and the others are located in Panama,

Argentina, Uruguay, Australia and Thailand.

Selina saw an acceleration of sales throughout fiscal year 2021, leading to an exceptionally

strong fourth quarter. As a result, the company expects to exceed its 2021 revenue forecast of

$93 million. December marked the most active month in the company's history, culminating with

New Year's Eve celebrations in 18 countries across four continents, including a massive

celebration in the Ramon crater deep in the Israeli desert, a multi-day music event on the white

sandy beaches of Tulum, a New Cycle festival in Santa Teresa, a gourmet dinner in the Austrian

Alps, a Discofobia x Selina party in the Sacred Valley of the Incas, and a rooftop soiree in New

York.

Selina leverages its proprietary technology to identify and renovate underperforming hotels in

partnership with local real estate owners, who cover 90% of conversion costs, and artisans, who

embed a local cultural influence, to create destinations that combine the comfort and style of a

boutique hotel with coworking facilities and the social experiences of a retreat or festival, driving

significant increases in revenue compared to a property's prior operations. Selina used its

proprietary technology to source all of its newly-opened properties, creating a cost-efficient

process that eliminated the need for intermediaries. The vibrant, unique, and authentic

atmospheres that Selina destinations cultivate allow travelers to build meaningful connections,

and 66% of guests, on average, report meeting a new friend during their stay.

Rafael Museri, Selina's Co-Founder and Chief Executive Officer, said, "Our strong performance in

December is a testament to the strategic location, design and activation of our properties, which

appeal to locals and domestic travelers as much as global visitors. This has allowed us to

continue growing at a time when global travel has been substantially reduced. Simply put, our

hotels are in the places locals and tourists alike want to visit, and they are activated with the

exciting events, restaurants and other programming that support strong activity during high and

low international travel seasons. We are uniquely in tune with the needs of Gen Z and Millennial

travelers, and we will continue to focus on implementing new products -- such as co-living and

other flexible travel products -- that provide the experiences this cohort is seeking. We believe

this strong momentum will lead to continued growth throughout 2022, powered by our tech-

enabled infrastructure, engaging brand and authentic global community."

The six newly-opened properties include:

Selina Punta del Este , Uruguay: Located on the beach in Punta del Este, Uruguay,

Selina Punta del Este comprises 210 beds in an iconic cityscape with beautiful beaches,

artisanal markets, trendy neighborhoods and world-class cuisine. The property features a

pool bar with an open-air chiringuito atmosphere, an outpost of the Japanese Peruvian

Fabric Sushi restaurant, a retail store selling signature merchandise, a wellness deck for

yoga lessons and tea ceremonies, an engaging coworking space, and a stunning rooftop

with breathtaking ocean views.

Selina Melbourne , Australia: Selina's first Australian property is located in the heart of

Melbourne, overlooking the scenic Yarra River in the city's central business district --

perfect for those looking to explore designer boutiques, boho caf?s, and vibrant bars, or

take in the sights at St. Paul's Cathedral and Federation Square. The 181-bed hotel

features a cozy library, a cinema room, a common kitchen, a buzzing basement bar, and a

productivity-inducing coworking space.

Selina Foz do Igua?u, Brazil: The 407-bed Selina Foz do Igua?u is located in a hub for

culture and natural wonder at the heart of the city, close to Igua?u Falls -- the largest

waterfall in the world. Foz is known for its multicultural diversity and is home to several

religious monuments with the Chen Tien Buddhist temple, the Omar Ibn Al-Khatab

Mosque, and a number of Latin-inspired cathedrals all just minutes away.

Selina Venao River , Panama: Selina Venao River is an easy living oasis in one of the

world's best surfing destinations. A hidden gem at the heart of the jungle, the 154-bed

property is surrounded by gorgeous jungle views, the soothing sounds of the river, Playa

Venao, and the Pacific Ocean's year-round waves. Guests get the best of both worlds, with

an off-the-grid feel combined with easy access to Cambutal and Pedas? Town. The property

features include an outdoor pool, a vegan restaurant serving freshly-prepared dishes, a

cinema room, a wellness area and a library, as well as the biggest coworking space in

town complete with high-speed WiFi, meeting rooms, hot desks and plenty of natural light.

Selina Bonito , Brazil: A picture-perfect ecotourism hub, Bonito is well-known for its

unbeatable natural charm, crystal clear rivers, and a respect for the environment that

permeates everything and everyone. Located just around the corner from the main

square, the 190-bed Selina Bonito allows locals and travelers to flock to the streets to

explore the beauty of this hidden gem. On-site features include a restaurant, coworking

space, wellness studio and a buzzing poolside bar.

Selina Salta , Argentina: Located on the Main Street of Balcarce, the 120-bed Selina

Salta sits in the heart of this buzzing neighborhood. The main square is a quick 25-minute

walk away and is home to some true jewels of Argentine Colonial history including the San

Francisco church, the Cabildo and the Museum of High Altitude Archaeology. The hotel

features a wellness area, a restaurant, a well-appointed coworking space and a vibrant

rooftop bar.

With these new openings, Selina's hotel platform has grown to 144 open or secured properties

across five continents including North and South America, Europe, the Middle East and Asia

Pacific, of which 90 are open and operating. This growth is being driven by the significant

mismatch between demand and supply for attractively priced accommodations that serve the

Millennial and Gen Z market -- an important and quickly growing segment of the population that

are estimated to spend approximately $350 billion per year on travel. Selina expects to continue

to benefit from the surge in remote working and the prioritization of health, wellness and

experiences among Millennial and Gen Z travelers.

About Selina

Selina is one of the world's largest hospitality brands built to address the needs of Millennial and

Gen Z travelers, blending beautifully designed accommodation with coworking, recreation,

wellness, and local experiences. Custom-built for today's nomadic traveler, Selina provides

guests with a global infrastructure to seamlessly travel and work abroad. Founded in 2015, each

Selina property is designed in partnership with local artists, creators, and tastemakers, breathing

new life into existing buildings in interesting locations around the world -- from urban cities to

remote beaches and jungles. Selina's portfolio includes 144 open or secured properties across 25

countries. On December 2, 2021, Selina entered into a business combination agreement with

BOA Acquisition Corp. (NYSE:BOAS) ("BOA") that will result in Selina becoming a publicly listed

company on the New York Stock Exchange under the new ticker symbol "SLNA," subject to the

satisfaction of standard closing conditions. For further information on Selina, visit

www.selina.com or check out @selina on Instagram or Facebook.

About BOA Acquisition Corp.

BOA Acquisition Corp. is a newly organized blank check company formed for the purpose of

effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or

similar business combination with one or more businesses. While BOA may pursue an initial

business combination target in any business or industry, it intends to focus its search on

businesses that provide technological solutions and innovation to the broader real estate

industry.

Additional Information and Where to Find It

This document does not contain all the information that should be considered concerning the

proposed business combination between BOA and Selina (the "Business Combination"). In

connection with the proposed Business Combination, Selina intends to file with the U.S.

Securities and Exchange Commission (the "SEC") a registration statement on Form F-4 (the

"Registration Statement"), which will include a preliminary proxy statement of BOA and a

prospectus. The definitive proxy statement and other relevant documents will be mailed to

stockholders of BOA as of a record date to be established for voting on the Business

Combination. Stockholders of BOA and other interested persons are advised to read, when

available, the preliminary proxy statement and amendments thereto, and the definitive proxy

statement because these documents will contain important information about BOA, Selina, and

the proposed transactions. Stockholders will also be able to obtain copies of the Registration

Statement and the proxy statement/prospectus once they are available, without charge, by

directing a request to: BOA Acquisition Corp., 2600 Virginia Ave NW, Suite T23 Management

Office, Washington, D.C. 20037. These documents, once available, and BOA's other filings and

reports filed with the SEC can also be obtained, without charge, at the SEC's internet site

( http://www.sec.gov).

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR

DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY

PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY

OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A

CRIMINAL OFFENSE.

No Offer or Solicitation

This communication is for informational purpose only and not a proxy statement or solicitation of

a proxy, consent, or authorization with respect to any securities or in respect of the potential

transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any

securities, nor shall there be any sale of any securities in any state or jurisdiction in which such

offer, solicitation, or sale would be unlawful prior to registration or qualification under the

securities laws of such state or jurisdiction.

Participants in Solicitation

BOA, Selina, and their respective directors and executive officers, other members of

management and employees may be considered participants in the solicitation of proxies with

respect to the potential transaction described in this communication under the rules of the SEC.

Information about the directors and executive officers of BOA is set forth in BOA's filings with the

SEC. Information regarding other persons who may, under the rules of the SEC, be deemed

participants in the solicitation of the stockholders in connection with the potential transaction

and a description of their direct and indirect interests will be set forth in the Registration

Statement (and will be included in the proxy statement/prospectus) and other relevant

documents when they are filed with the SEC. These documents can be obtained free of charge

from the sources indicated above.

Forward-Looking Statements

This communication includes "forward-looking statements" within the meaning of the "safe

harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-

looking statements generally relate to future events, including, without limitation, statements

regarding the anticipated timing and benefits of the Business Combination, expectations or plans

of Selina's management, and Selina's future financial or operating performance, including,

without limitation, the preliminary 2021 revenue results. In some cases, you can identify forward-

looking statements by terminology such as "may," "should," "expect," "intend," "will,"

"estimate," "anticipate," "believe," "predict," "potential," or "continue," or the negatives of

these terms or variations of them or similar terminology. Such forward-looking statements are

subject to risks, uncertainties (some of which are beyond the control of Selina), and other factors

which could cause actual results to differ materially from those expressed or implied by such

forward-looking statements. These forward-looking statements are based upon estimates and

assumptions that, while considered reasonable by Selina and its management, are inherently

uncertain. Factors that may cause actual results to differ materially from current expectations

include, without limitation: (1) the occurrence of any event, change, or other circumstances that

could give rise to the termination of the definitive agreements respecting the Business

Combination; (2) the outcome of any legal proceedings that may be instituted against BOA,

Selina, or others following the announcement of the Business Combination; (3) the inability to

complete the Business Combination due to the failure to obtain approval of the stockholders of

BOA or to satisfy other conditions to closing; (4) changes to the proposed structure of the

Business Combination that may be required or appropriate as a result of applicable laws or

regulations; (5) the ability of Selina to meet applicable listing standards following the

consummation of the Business Combination; (6) the risk that the Business Combination disrupts

current plans and operations of Selina as a result of the announcement and consummation of the

Business Combination; (7) the ability to recognize the anticipated benefits of the Business

Combination, which may be affected by, among other things, competition, the ability of the

combined company to grow and manage growth profitably, maintain relationships with

customers and suppliers, and retain its management and key employees; (8) costs related to the

Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that

Selina may be adversely affected by other economic, business, and/or competitive factors; (11)

the impact of the COVID-19 pandemic on Selina's business and/or the ability of the parties to

complete the Business Combination; and (12) other risks and uncertainties to be contained in the

proxy statement/prospectus filed after the date hereof. In addition, there may be additional risks

that Selina does not presently know, or that Selina currently believes are immaterial, that could

also cause actual results to differ from those contained in the forward-looking statements.

Nothing in this communication should be regarded as a representation by any person that the

forward-looking statements set forth herein will be achieved or that any of the contemplated

results of such forward-looking statements will be achieved. You should not place undue reliance

on forward-looking statements, which speak only as of the date they are made. Except as may

be required by law, Selina does not undertake any duty to update these forward-looking

statements.