Boxed secures 90-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Aug. 16 – Boxed, Inc., formerly known as Seven Oaks Acquisition Corp., secured an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the exclusive plan filing period through Oct. 29 from July 31 and the exclusive solicitation period through Dec. 28 from Sept. 29.

As previously reported, the company has filed a plan, and the confirmation hearing is scheduled for Aug. 30.

The company said that while it intends to consummate the plan before the end of August, it is seeking the extension out of an abundance of caution.

Boxed is a New York-based e-commerce technology company that provides bulk pantry consumables to business and household customers. The company filed bankruptcy on April 2 under Chapter 11 case number 23-10397.

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