Boxed SPAC Presentation Deck

Invest in Expansion of BoxedUP and B2B BoxedUP and B2B customers are more loyal, order more frequently, & spend more per user BoxedUP (2) B2B Notes: (1) "BoxedUP" & Avg B2C data reflected as of Q1'21; B2B data reflected as of Q1'20 (2) "BoxedUP" customers are included in both B2C and B2B sub-segments Orders / User (1) +1.7x Avg B2C Customer +1.8x Avg B2C Customer GMV / User (1) +55% Avg B2C Customer +259% Avg B2C Customer 50

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