Household retailer Boxed in talks with lenders for bankruptcy sale

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Grocery courier Inc. said Tuesday it may file for bankruptcy as it explores a possible sale of the business through a merger with a special purpose acquisition company, or SPAC, less than two years after going public. continues.

The e-commerce company, which specializes in household staples and pantry items, said in a securities filing that it is actively seeking offers for the sale of all or most of its assets to improve its liquidity position. went public in 2021 by merging with a SPAC, at a time when the popularity of such blank-check companies was exploding.

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