At least nine SPAC-tied companies have now filed for bankruptcy.
On Sunday, online retailer Boxed became the latest company that's gone public via merging with a special purpose acquisition company toAt least nine such companies have now filed for bankruptcy — a rather dramatic outcome for companies that took part in the
pandemic-era market boom.: Boxed, founded in 2013 as an online bulk retailer, said on Sunday that it's filing for Chapter 11 bankruptcy protection and will execute a sale of its Spresso software business to its first-lien secured lenders.It will also wind down its retail business.
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