The divy shares will be restricted for a year. At that time, the shareholders holding them may hire an attorney, get an opinion letter, contact and pay the TA to remove the restrictive legend. Only then can they sell them.
In the meantime Wayne will be able to keep the shares Boxed so that he can claim the company is worth whatever he thinks he can get away with. He will report that as an "asset" on his unaudited financials to make it appear he has created money out of thin air. This is really a old, old scam. So old, it appears new to many.
I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.