Latest News Boxed Inc to Execute Sale of Spresso Software Business Businessfortnight

NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — Boxed, Inc. (“Boxed” or the “Company”), an e-commerce technology company that provides bulk pantry consumables to business and household customers, announced today that it, and all of its subsidiaries, initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to execute a sale of its Spresso software business to its first lien secured lenders while continuing to streamline operations, including an efficient and orderly wind-down of its remaining retail business. Boxed has been working diligently to improve its financial structure, having entered into a Forbearance Agreement with its first lien secured…