Brief: Boxed To Become A U.S. Publicly Traded Company

Boxed

14/06/2021 13:21

June 14 (Reuters) - Seven Oaks Acquisition Corp  SVOK.O :
    * 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

Source text for Eikon:  ID:nGNX3YM8Hc 
Further company coverage:  SVOK.O 

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