Financing ·
Boxlight Corporation entered into a Securities Purchase Agreement on August 5, 2026, to sell 937,500 shares of Series…
BOXLBoxlight Corp
Boxlight Corporation entered into a Securities Purchase Agreement on August 5, 2026, to sell 937,500 shares of Series D Convertible Preferred Stock at $8.00 per share for aggregate gross proceeds of $7.5 million. The preferred stock carries a stated value of $10.00 and is convertible into Class A Common Stock subject to an exchange cap of 19.99% absent specific stockholder approvals, which include authorization for a reverse stock split of up to 500:1. Concurrently, the company established a $15 million equity line of credit with an investor, requiring a $150,000 commitment fee payable in common shares or pre-funded warrants. The transaction includes registration rights and lock-up agreements for insiders. Boxlight Corporation operates in the technology sector, providing interactive display solutions.