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

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Seven Oaks Acquisition (SVOKU) and Boxed Acquire MaxDelivery

November 29, 2021 7:31 AM EST

Boxed (Boxed or the Company), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced the signing of a definitive agreement to acquire MaxDelivery, one of New Yorks first on-demand grocery delivery services. The transaction is expected to close in December 2021, subject to certain undisclosed financial terms and customary closing conditions.

MaxDelivery provides New Yorkers with a fast, easy, and convenient way to have a broad assortment of groceries delivered directly to their door on-demand, through its one-hour delivery service in Manhattan. Since its inception in 2004, MaxDelivery has consistently delivered premium... More