Amendment to subscription agreement
On
Osprey has agreed to expedite the funding of its remaining
This decision reflects Osprey's strong commitment to Selina and their confidence in the Company's progress. The funds are designated to be used primarily for marketing/commercial efforts and property maintenance capital expenditures, aligning with Selina's vision for success.
Private warrant exchange
On
This agreement involves Bet on
The Company's Board of Directors previously approved the exchange of the 7,666,511 outstanding public warrants for ordinary shares of the Company at the same four-to-one warrant-to-share exchange ratio.
Share capital update
As of
This number includes 431,039,028 shares issued in connection with investments from Osprey and other investors, the conversion of a portion of Osprey's debt, and the exercise of warrants by Osprey, other investors, and certain holders of the 6.0% Senior Secured Notes due 2029 since the initial closing of the fundraising and liability restructuring transactions announced on
(C) 2024 Electronic News Publishing, source