Seven Oaks Acquisition Corp - Ordinary Shares - Class A

NASDAQ:SVOK   3:59:46 PM EDT
9.89
-0.01 (-0.10%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

Boxed To Become A U.S. Publicly Traded Company

Published: 06/14/2021 12:26 GMT
Seven Oaks Acquisition Corp - Ordinary Shares - Class A (SVOK) - Boxed to Become a U.S. Publicly Traded Company Through Merger With Seven Oaks Acquisition Corp.
Seven Oaks Acquisition Corp - Deal for Pro Forma Implied Equity Value of Approximately $900 Million.
Seven Oaks Acquisition - Combined Co Will Be Called Boxed, Inc. Upon Closing of Deal and is Expected to Be Listed in U.S. Under New Ticker Symbol.
Seven Oaks Acquisition Corp - Boxed Will Continue to Be Led by Chieh Huang, Boxed's Chief Executive Officer.
Seven Oaks Acquisition Corp - Gary Matthews, Chairman and Chief Executive Officer of Seven Oaks Acquisition Corp.
, Will Serve As Boxed's Chairman.
Seven Oaks Acquisition - Transaction Expected to Deliver Boxed $334 Million of Net Cash Proceeds to Fund Growth Through $259 Million Seven Oaks Cash in Trust.
Seven Oaks Acquisition Corp - There Are No Secondary Shares Being Sold by Existing Boxed Shareholders in Transaction.
Seven Oaks Acquisition - Under Terms of Proposed Transaction, Boxed and Seven Oaks Will Merge With a Pro Forma Combined Equity Value of About $900 Million.