Boxlight converts Series C preferred to common, amends Series B to remove conversion and redemption rights

Boxlight Corp

All 1,320,850 Series C shares converted into 198,920 shares of Class A common stock.
Series B conversion rights (optional and automatic) and holder redemption rights eliminated.
Series B dividend rate increases from 8% to 9% in 2027, up to 12% by 2030, cumulative and non-compounding.
Company to apply up to 20% of net proceeds from future equity offerings to redeem Series B at $10/share.
Unpaid Series B dividends accrue at 12% interest; no dividends on junior stock unless Series B dividends paid first.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Boxlight Corp issued preferred stock.

Security: preferred stock

Exact text from the filing

Item 3.03 Material Modification to Rights of Security Holders. On October 2, 2025, the Company filed with the Nevada Secretary of State an Amendment to the Certificate of Designation of its Series B Preferred Stock to implement the amendments described in the third and fourth paragraphs of Item 1.01 above, which paragraphs are incorporated by reference herein in response to this item.

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Source: SEC EDGAR

accession 0001104659-25-096635

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