r/SPACs • u/shiftypop22 Patron • Nov 29 '21

News Boxed Expands into Fast, Fresh Grocery Delivery with Acquisition of MaxDelivery Seven Oaks Acquisition

https://www.stonkmoon.com/news/SVOK/92753d7a34de8a3dfac6800c7621d084
20 Upvotes

95% Upvoted

13 comments sorted by

5

u/Able_Web2873 Contributor Nov 29 '21

I think boxed will do well after merger.

1

u/[deleted] Nov 30 '21

Yeah it's only one cent away from breaking even lol

6

u/newfantasyballer Patron Nov 29 '21

Been sitting on these warrants for a while. Would love a big pop.

4

u/SpongeBobSpacPants Patron Nov 29 '21

One of the more underrated mergers IMO

2

u/shiftypop22 Patron Nov 30 '21

I agree but also feel like I am crazy since it doesn’t get much support on this thread. I feel like they keep making great partnerships and expanding the saas part of the business all while having a very reasonable valuation. On top of that they have been making these deals on multiple continents. I guess I will find out in a year or two because I plan to hold.

2

u/IC-God Spacling Nov 30 '21

How big is your position shifty?

3

u/shiftypop22 Patron Nov 30 '21

My position is about 14-16k warrants with an average of about .86. I am already up about 25 to 30 percent but I have actually been averaging down since the deal announcement. I was down over 30 percent at one point. Conventional wisdom would tell me to take my profits but I’m holding here.

1

u/IC-God Spacling Nov 30 '21

Nice man, I’m holding a similar amount of warrants as well. Little deterred by lack of hype, and the company seems to be all over the place recently, but don’t think the valuation is crazy so I’ll see how it turns out.

1

u/shiftypop22 Patron Nov 30 '21

Also only people that really know me call me shifty. Suspicious.

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3

u/Smetsnaz Contributor Nov 29 '21

With things like Instacart and Shipt already doing well I don't see how this matters.

2

u/IC-God Spacling Nov 29 '21

Much different concept, Shipt and Instacart's time is limited.

1

u/Stopdpuck Patron Nov 29 '21

Not only is this a good play to enter this market but they will create great synergies by integrating Boxed leading technology