Boxed, Inc. Announces Exploration of Strategic Alternatives
NEW YORK, Jan. 05, 2023 (GLOBE NEWSWIRE) — Boxed, Inc. (NYSE:BOXD, BOXD WS) (“Boxed” or the “Company”), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, today announced that its Board of Directors (the “Board”), with the support of management and financial and legal advisors, has launched a process to explore strategic alternatives, including, among other alternatives, a possible sale of the Company. In addition, the Company is, in parallel, actively exploring capital raising initiatives, and is targeting the announcement of additional funding within the next 45 days.