LONDON – The Board of Directors of Selina Hospitality filed a
statement with the Securities Exchange Commission on Monday stating the company
no longer has any reasonable prospects of avoiding an insolvency.
The company that has lost almost all of its value since
going public in December 2021 with a $1.2 billion valuation has appointed
Andrew Johnson, Samuel Ballinger and Ali Khaki of FTI Consulting LLP as Joint Administrators. The Joint Administrators do not have funding to provide ongoing support to the company’s operating subsidiaries and are…
