Selina Hospitality (SLNA) Provides Business Update
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Selina Hospitality PLC Provides Business Update
June 27, 2023 8:00 AM EDTExecutes Financing of up to $50 million with an Initial Tranche of $10 million Expected to be Funded on or around June 27, 2023 Provides Update on First Quarter 2023 Financial Results, Showing Improvement in Key Operating Metrics vs First Quarter 2022 In Second Quarter 2023, initiated a Labor Restructuring Plan expected to generate annualized payroll savings of $5.8 million and have a one-time cost impact of approximately $1.0 million Transaction and Business Update will be discussed on Conference Call Scheduled for June 29, 2023
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