Seven Oaks Acquisition in an 8-K filing disclosed that shareholders voted in favor of the combination with Boxed, an eCommerce platform for groceries.
Boxed stock and warrants are expected to list on the NYSE under BOXD and BOXD WS.
The SPAC did not disclose redemptions, if any. Seven Oaks last month secured a $100 million forward purchase agreement to support the deal.
In addition to the FPA, terms of the deal announced in June call for the combined company 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. Read more.
