Online Retailer Boxed Said In Merger Talks With Seven Oaks SPAC
- Company sells and ships groceries, household products in bulk
- Amex Ventures, GGV Capital, Milner are among Boxed’s investors
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Boxed, an online retailer of products in bulk, is in talks to go public through a merger with Seven Oaks Acquisition Corp., a blank-check firm, according to people with knowledge of the matter.
A transaction is set to value the combined company at more than $1 billion, said the people, who requested anonymity because the talks are private. Terms aren’t finalized and it’s possible talks could collapse.