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Boxed, Inc.: Company Investigated by the Portnoy Law Firm

Globe Newswire 16-Mar-2023 6:54 PM

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, March 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Boxed, Inc. (NYSE:BOXD, BOXD.WT))) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Boxed investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

An article titled "Household Retailer Boxed is Negotiating With Lenders for Bankruptcy Sale" was released by The Wall Street Journal on March 14, 2023. The article discussed Boxed's potential bankruptcy filing and its exploration of a business sale. Additionally, it mentioned that Boxed is contemplating this course of action less than two years after becoming publicly traded through a merger with a special-purpose acquisition company ("SPAC"), and that it is attempting to establish a new banking relationship after transferring most of its cash out of its Silicon Valley Bank accounts. As a result of this news, Boxed's stock price dropped by $0.21 or 48.25% to close at $0.2199 per share on March 15, 2023.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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