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Blue Apron still has ‘substantial doubt’ it can continue as going concern if Wonder merger fails to close

Por: MarketWatch Business November 09, 2023

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The Wonder deal, with a closing date expected in the fourth quarter, assigned an equity value of about $103 million to the company. That’s far below the almost $2 billion valuation Blue Apron garnered . Blue Apron acknowledged in the filing its long history of significant net losses, which came to $89.3 million in the nine months through Sept. 30 and $87.9 million in the year-earlier period. As of Sept. 30, it had a working-capital deficit of... + full article



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