SVOK - Boxed Seven Oaks announce up to $100M forward-purchase agreement

Boxed and Seven Oaks Acquisition (NASDAQ:SVOK) has provided updates related to their proposed business combination. Seven Oaks has entered into a forward purchase agreement for up to $100M with an affiliate of Atalaya Capital Management, a privately held, SEC-registered alternative investment advisory firm. On June 13, 2021, Boxed and Seven Oaks entered into a definitive agreement relating to the business combination that would result in Boxed becoming a public company upon the closing of the transaction. Boxed also announced its intention to list on the NYSE upon the closing of the business combination, which is expected in Q4 2021. The combined company will be called Boxed, Inc. and its common stock and warrants are expected to list under the new ticker symbols “BOXD” and “BOXD WS,” respectively.

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Boxed, Seven Oaks announce up to $100M forward-purchase agreement