Boxed Inc BOXD shares are trading higher by 8.61% to $0.28 Thursday morning after the company announced exploration of strategic alternatives.
Boxed says it has launched a process to explore strategic alternatives, including, among other alternatives, a possible sale of the company.
In addition, Boxed says the company is actively exploring capital raising initiatives, and is targeting the announcement of additional funding within the next 45 days.
See Also: What's Going On With Apple Stock Today?
According to data from Benzinga Pro, BOXD has a 52-week high of $12.51 and a 52-week low of $0.18.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.