{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-022470","form_type":"8-K","ticker":null,"cik":"0001828672","company_name":"Boxed, Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.947913+00:00","generated_at":"2026-06-16T03:47:42.248095+00:00","sec_items":["2.01","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Boxed completes sale of Spresso business for $26.25M credit bid; CEO, CPO, President depart","bullets":["Sold Spresso software business to lender Spresso, LLC via Section 363 sale for $26.25M credit bid against debt plus assumed liabilities.","CEO Chieh Huang, CPO Veracelle Vega-Hansen, and President Alison Weick departed effective April 30/May 1, 2023. Huang remains on board.","Sale closed May 1, 2023, after Bankruptcy Court approval on April 27, 2023.","Company lacks personnel to file financial or pro forma statements for the sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-022470","json":"https://secwatch.observer/filing/0001140361-23-022470.json","markdown":"https://secwatch.observer/filing/0001140361-23-022470.md","text":"https://secwatch.observer/filing/0001140361-23-022470.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/brhc20052372_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:47:42.248095+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d10971999","claim":"Veracelle Vega-Hansen departed as Chief People Officer at Boxed, Inc..","evidence_excerpt":"In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief People Officer"}],"fact_type":"executive_change"},{"claim_id":"1325257fc3","claim":"Alison Weick departed as President of E-Commerce at Boxed, Inc..","evidence_excerpt":"In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"President of E-Commerce"}],"fact_type":"executive_change"},{"claim_id":"8a84227be1","claim":"Chieh Huang departed as Chief Executive Officer at Boxed, Inc..","evidence_excerpt":"In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"016248840f3a663c1f6a517583315e6522746695","claim":"Boxed, Inc. completed a disposition involving Spresso, LLC for $26,250,000 (closed 2023-05-01).","evidence_excerpt":"to Section 363(k) of the Bankruptcy Code against the aggregate amount of outstanding indebtedness of the First Lien Credit Agreement as of the closing, of an amount equal to $26,250,000. On April 27, 2023, the Bankruptcy Court entered an order approving the Private Sale. The Private Sale closed on May 1, 2023. The Company does not anticipate filing financial","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Spresso, LLC"},{"label":"Consideration","value":"$26,250,000"},{"label":"Closing","value":"2023-05-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}