SPAC tips

Selina Hospitality, a hotel and experiences brand focused on youth travelers, said Monday it “no longer has any reasonable prospects of avoiding an insolvency.”

AirAsia parent company Capital A announced on Wednesday that it will be listing in the U.S. public markets.

Just more than a month after luxury hospitality brand Inspirato executed a reverse stock split to meet Nasdaq listing requirements, the company said Friday it received a Nasdaq notice on November 27 that its market cap fell below the $15 million stock exchange minimum for the 30 days that ended a week earlier.

Surf Air Mobility plans to list directly on public markets in the U.S. after ending a planned $1.4 billion special purpose acquisition company, or SPAC, listing.

This morning Volato announced plans to go public via a merger with a special purpose acquisition corporation, or SPAC as they are called. It is the latest in a series of private aviation flight providers to attempt an IPO, with the only common denominator being that they have not worked out very well to this point.