Boxlight Corp (BOXL): Nasdaq/NYSE listing notice — Boxlight stockholders approve reverse stock split; equity plan amendment fails

July 6, 2022, the Company received notice from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) that the Company was no longer in compliance with Nasdaq Listing Rule 5550(a)(2) which requires the Company to maintain a minimum bid price of $1.00 per share (the “Bid Price Requirement”). Since then, the Company has yet to regain compliance with the Bid Price Requirement. As a result, following the Company’s Annual Meeting, held May 23, 2023, the Company’s board of directors approved conducting a 1-for-8 reverse stock split of both the authorized and ou

All of the following seven nominees were elected to the Company’s board of directors, in accordance with the voting results listed below, to serve for a term of one year, until the next Annual Meeting and until their successor have been duly elected and have qualified.

Stockholders approved (on an advisory basis) the Company’s executive compensation, in accordance with the voting results below.

Stockholders did not approve the amendment of the Company’s 2021 Equity Incentive Plan to increase the number of shares of Class A common stock available for issuance by 7,500,000 shares, in accordance with the voting results below.

Stockholders ratified the appointment of FORVIS, LLP as the independent auditors for the fiscal year ending December 31, 2023, in accordance with the voting results below.

The reverse stock split in the range of two (2) and not more than ten (10) shares, into one share of Class A common stock at any time prior to July 2, 2023 was approved by a majority of votes cast, but not by a majority of votes outstanding, in accordance with the voting results below.