secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001104659-25-016143
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000110465925016143/0001104659-25-016143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000110465925016143/tm257212d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-016143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer