secwatch.observer — SEC 8-K summary
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Issuer:     Boxed, Inc. (—)
CIK:        0001828672
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001140361-23-022470
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Boxed completes sale of Spresso business for $26.25M credit bid; CEO, CPO, President depart
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/0001140361-23-022470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828672/000114036123022470/brhc20052372_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-022470

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