SVOK - Boxed.com Is Going Public To Keep Growing Despite A Lack Of Profitability
- Boxed.com will be going public by merging into a SPAC. Once the transaction is approved, SVOK will convert into shares of BOXD.
- Boxed.com is an ecommerce platform that sells essential items to consumers and businesses, as well as providing software services to retailers.
- Boxed.com will be raising over $300 million in fresh capital to invest in growth efforts such as customer acquisition, inventory assortment, marketing, fulfillment network, among other areas.
- Revenue growth has been quite strong, but profits are nowhere to be seen. Profitability is the biggest challenge, which causes valuation and outlook to be highly uncertain.
- Taking market share in a highly competitive industry will not be easy.
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Boxed.com Is Going Public To Keep Growing, Despite A Lack Of Profitability