Boxlight raises $2.8M in private placement of stock and warrants at $2.13/unit

Boxlight Corp

Gross proceeds ~$2.8M from sale of 1,323,000 shares (or equivalents) and warrants; priced at-the-market under Nasdaq rules.
Warrants exercisable at $2.13/share, 6-month lockout, expire in 5.5 years; pre-funded warrants also issued.
Series B and C preferred stock conversion suspended until Aug 19, 2025 or authorized common shares increased to 25M.
Net proceeds earmarked for working capital and general corporate purposes.
Directors and officers entered 90-day lock-up agreements; AGP acted as placement agent.

item 1.01 item 3.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Boxlight Corp: Amendments to Certificates of Designation for Series B and Series C preferred stock suspend conversion into Class A common stock until specified conditions are met or August 19, 2025 (effective 2025-02-20).

Change: charter amendment
Effective: 2025-02-20

Exact text from the filing

On February 20, 2025, the Company filed with the Secretary of State of the State of Nevada (i) an Amendment to the Certificate of Designation of its Series B Preferred Stock (the “ Series B Amendment ”) and (ii) an Amendment to the Certificate of Designation of its Series C Preferred Stock (the “ Series C Amendment ” and, together with the Series B Amendment, the “ Amendments ”).

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Boxlight Corp filing history →

Source: SEC EDGAR

accession 0001104659-25-016143

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