E-commerce grocery platform Boxed and Seven Oaks Acquisition announced that the SEC declared effective the registration statement on Form S-4 outlining the proposed merger of the companies.
A Seven Oaks shareholder vote is set for Dec. 7.
If approved, Boxed stock and warrants will list on the NYSE under BOXD and BOXD WS.
The combined company is expected to receive $334 million in net cash proceeds from a combination of Seven Oaks’ cash in trust of approximately $259 million, assuming no redemptions, as well as a $120 million fully committed PIPE. There are no secondary shares being sold by existing Boxed shareholders. Read more.
