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Latest SPAC News: Boxed files for Chapter 11 bankruptcy
Online Bulk Retailer Boxed Files for Chapter 11 Bankruptcy
Boxed Inc. (NYSE:BOXD), an online bulk retailer that thrived during the pandemic, filed for bankruptcy on Sunday.
The New York-based firm listed as much as $102.6 million in assets and up to $190.4 million in liabilities in a Chapter 11 petition filed in the district of Delaware.
Founded in 2013, the company went public in December 2021 by combining with a special-purpose acquisition company. It’s the latest ex-SPAC to seek bankruptcy protection.
