According to the Complaint, Boxwood Merger Corp. is a blank check company that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

On August 12, 2019, Boxwood’s Board of Directors caused Boxwood to enter into an agreement with Atlas TC Holdings, LLC. Pursuant to the terms of the Agreement, Atlas will become a wholly-owned indirect subsidiary of Boxwood.

On November 12, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission, which recommends that Boxwood’s stockholders vote to approve the Proposed Transaction at a special meeting of stockholders scheduled for December 12, 2019.

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on February 28, 2020.