Boxed and Seven Oaks (SVOKU) Announces up to $100M Forward-Purchase Agreement in Connection with Proposed Merger

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Boxed and Seven Oaks Announce Up to $100 Million Forward-Purchase Agreement in Connection with Proposed Business Combination

November 29, 2021 8:32 AM EST

NEW YORK, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Boxed (Boxed or the Company), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, and Seven Oaks Acquisition Corp. (Seven Oaks or SVOK) (Nasdaq: SVOK, SVOKU, SVOKW), a publicly-traded special purpose acquisition company, today provided updates related to their proposed business combination.

Seven Oaks has entered into a forward purchase agreement for up to $100 million with an affiliate of Atalaya Capital Management LP (Atalaya), a privately held, SEC-registered alternative investment advisory firm that focuses primarily on private credit and special opportunities investments. Please refer to Seven Oaks current... More