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Boxed signs a deal with SPAC to go public, now values at $900M

Boxed, a digital wholesale firm offering cereals, toilet papers etc, has signed a deal with Seven Oaks Acquisition Corp. (SPAC). Because of this deal, Boxed now values about $900M and received $334 million in net cash and will go public in the U.S. under the existing name. Boxed uses a digital transaction SaaS technology developed by Aeon, a tech firm. The online wholesale firm offers products from personal care, health and household categories.

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