Boxed, Inc. Announces Addition to the Russell 2000® Index
June 07 2022 - 8:00AM
Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), an
e-commerce grocery platform that sells bulk consumables and
licenses its e-commerce software to enterprise retailers, today
announced that the Company's stock will be added to the Russell
2000® Index, effective as of market open on June 27, 2022,
according to a preliminary list of additions posted by FTSE Russell
on June 3, 2022.
The Russell 2000® Index measures the performance of the
small-cap segment of the U.S. equity market. Membership in the
Russell 2000® Index, which remains in place until the next
reconstitution, is based on membership in the broad market Russell
3000® Index. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell's US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
Chieh Huang, Co-Founder and Chief Executive Officer of Boxed,
commented, “The addition of Boxed to the Russell 2000® Index is
indicative of further momentum following our successful business
combination in December. We believe being a part of these highly
regarded and widely used indexes will bring greater awareness to
Boxed as we work to achieve our growth potential.”
About BoxedBoxed is an e-commerce retailer and
an e-commerce enabler. The Company operates an e-commerce retail
service that provides bulk pantry consumables to businesses and
household customers, without the requirement of a “big-box” store
membership. This service is powered by the Company’s own
purpose-built storefront, marketplace, analytics, fulfillment,
advertising, and robotics technologies. Boxed further enables
e-commerce through its Software & Services business, which
offers customers in need of an enterprise-level e-commerce platform
access to its end-to-end technology. The Company has developed a
powerful, unique brand, known for doing right by its customers,
employees and society. For more information visit
www.boxed.com.
Investor ContactsChris
MandevilleICRBoxedIR@icrinc.com
Media ContactsDavid
TaftBoxedpress@boxed.com
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