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FTI Consulting is handling the Chapter 11 filing of Boxed, the e-commerce wholesaler of bulk pantry items to businesses and households.
It blamed the “challenging business environment” for the reorganization.
Boxed, which went public in a 2021 SPAC deal handled by ICR, posted a $94M loss on $131M revenues for the nine-month period ended Sept. 30, 2022.
The company announced in January that it was exploring strategic alternatives.
Boxed plans to sell its Spresso software business and wind-down its retail business.
CEO Chieh Huang thanked employees for their work during the past decade and for making “a lasting impact on the e-commerce consumables industry.”
Boxed in 2018 rejected a $500M takeover offer from Kroger.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
