Winston & Strawn Represents Seven Oaks Acquisition Corp.

Winston & Strawn represented Seven Oaks Acquisition Corp. (“Seven Oaks”) (Nasdaq: SVOK, SVOKU, SVOKW), a special purpose acquisition company, in connection with its business combination with Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers.
 
Following consummation of the business combination, the combined company was renamed Boxed, Inc. and its common stock and warrants began trading on the New York Stock Exchange (“NYSE”) under the new ticker symbols “BOXD” and “BOXD WS,” respectively, on December 9, 2021. The transaction was approved by SVOK shareholders at its Special Meeting held on December 7, 2021, and approval was also obtained from Boxed shareholders. The business combination enables Boxed to raise approximately $198 million in gross cash proceeds from a combination of Seven Oaks’ cash in trust of approximately $78 million, as well as a $120 million fully committed private placement financing. There were no secondary shares sold by existing Boxed shareholders in the transaction.
 
Press Release:  https://www.morningstar.com/news/globe-newswire/8408455/boxed-announces-closing-of-business-combination 
 
Winston Team

Dom DeChiara, Lead Partner, New York
David Sakowitz, Lead Partner, New York
Jason Osborn, Lead Partner, New York
Jeff Shuman, Lead Partner, Chicago
Ben Griffith, Associate, Houston
Eric Kaufman, Associate, New York
Ben Liss, Associate, Chicago
Alistair McKane, Associate, Chicago
Ann Nenoff, Associate, Chicago
Jacob Tabman, Associate, New York