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Seven Oaks Acquisition Corp. (Nasdaq: SVOK, SVOKU, SVOKW) announced its voluntary transfer of Class A common stock and public warrants from Nasdaq to the NYSE, effective upon completing its business combination with Boxed, an e-commerce grocery platform.
Post-combination, shares will trade as Boxed, Inc. under the symbols "BOXD" and "BOXD WS" starting December 9, 2021. Seven Oaks will notify Nasdaq of its delisting intent after market close on December 8, 2021, contingent upon fulfilling NYSE requirements.
Seven Oaks Acquisition Corp. (SVOK) has signed a $100 million forward purchase agreement with Atalaya Capital Management as it moves towards a business combination with Boxed. This agreement comes as Boxed, an e-commerce grocery platform, prepares for its public listing on the NYSE under the ticker symbols BOXD and BOXD WS. The deal is anticipated to close in the fourth quarter of 2021. Seven Oaks aims to deliver attractive returns to investors while emphasizing sustainable practices.
Boxed has announced its acquisition of MaxDelivery, a leading on-demand grocery service in New York. The deal is set to enhance Boxed's capabilities in fast grocery delivery and micro dark-store fulfillment, significantly expanding their product offerings. MaxDelivery, known for its premium service, has processed approximately 2 million orders since 2004, achieving high average order values of about $100 with 98% of orders from repeat customers. The acquisition is expected to close in December 2021, coinciding with Boxed's public listing on NYSE under the ticker symbols BOXD and BOXD WS.
Boxed, an e-commerce grocery platform, will participate in two investor conferences in December 2021. The first event is Wells Fargo’s 5th Annual TMT Summit on December 1, featuring a live webcast of a fireside chat. The second is the Barclays Global Technology, Media and Telecommunications Conference on December 8, focusing on one-on-one meetings. Recently, Boxed agreed to combine with Seven Oaks Acquisition Corp (Nasdaq: SVOK, SVOKU, SVOKW). This merger will make Boxed a public company, with its stock trading on the NYSE under the ticker symbols 'BOXD' and 'BOXD WS' expected in Q4 2021.
Boxed, an e-commerce grocery platform, announced its business combination with Seven Oaks Acquisition Corp. (SVOK) after the SEC declared their Registration Statement effective on November 9, 2021. The Special Meeting for stockholders will be held on December 7, 2021, to vote on the merger. If approved, the combined entity will be named Boxed, Inc. and will trade under the new ticker symbols BOXD and BOXD WS. Boxed aims to enhance its e-commerce capabilities, selling bulk consumables and licensing its software.
Boxed has announced a partnership with Hive Brands to enhance Hive's e-commerce operations using Boxed's software technology and services starting January 2022. This collaboration aims to support Hive's mission for sustainability, as all brands on Hive's platform are vetted for social impact. Boxed’s CEO highlighted the shared values of sustainability and commitment to social good. Additionally, Boxed is exploring further expansion in Southeast Asia and the Middle East. The merger with Seven Oaks Acquisition Corp. is expected to close in Q4 2021, leading to Boxed's public trading on the NYSE under the ticker BOXD.
Boxed has announced a strategic partnership with 786 Holdings Limited to deliver its proprietary e-commerce technology in the MENA region, starting in Saudi Arabia by mid-2022. This market is projected to reach $173 billion annually by 2025, with significant digital penetration opportunities. Boxed is also continuing its expansion into Southeast Asia through its partnership with Aeon. Following a business combination with Seven Oaks Acquisition Corp., Boxed will list on the New York Stock Exchange under the ticker symbols 'BOXD' and 'BOXD WS'.
Boxed Appoints David Miller as CTO
Boxed, an e-commerce grocery platform, announced David Miller's appointment as Chief Technology Officer, effective October 11, 2021. Miller, who has over 20 years of technology experience, previously expanded OnDeck Capital's software and services business. At Boxed, he will enhance the e-commerce platform and focus on licensing opportunities, contributing to their goal of becoming publicly traded in the U.S. Boxed aims to list on the NYSE following its merger with Seven Oaks Acquisition Corp., with anticipated completion in Q4 2021.
Boxed, an e-commerce grocery platform, announced its launch in Malaysia with AEON CO, utilizing its software to power the myAEON2go app for grocery delivery. This partnership enables AEON to enhance online shopping experiences at over 40 locations and supports e-commerce for tenants in AEON malls. The deal aligns with Boxed's international expansion goals. Additionally, Seven Oaks Acquisition Corp. (SVOK) is set to finalize a business combination with Boxed by Q4 2021, allowing Boxed to go public and list on the NYSE under the ticker 'BOXD.'
Boxed, an e-commerce grocery platform, announced participation in key September investor conferences. The events include the DA Davidson Annual Software and Internet Conference on September 9, and Citi’s Consumer Disruptive Growth Conference on September 21. Boxed is set to merge with Seven Oaks Acquisition Corp. (ticker: SVOK, SVOKU, SVOKW), becoming a public company under the ticker symbol BOXD on the NYSE. This business combination is expected to close in the fourth quarter of 2021, enhancing Boxed's market presence in bulk consumables.
