Boxed SPAC Presentation Deck

2. Coveted B2C brand delivering a seamless shopping experience for everyday bulk-essentials B2C: Poised For Dynamic Growth $109 2019A $14 B2C GMV ($M) $158 36% CAGR 2020A BOXEDUP GMV ($M) $29 $977 2026F $425-480 Transaction Proceeds Driving Growth 1. Increased marketing investment expanding brand awareness and driving customer acquisition 2. Expansion of product assortment (e.g., Healthy / Organic, Pet, Home, etc.) to capture increased wallet share ● ● 3rd party marketplace tech enables expansion in high margin, capital-efficient manner Private label drives loyalty and delivers further margin upside 3. Drive recurring revenue through expansion of BoxedUP loyalty and auto-ship 20

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