secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001104659-25-096635
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000110465925096635/0001104659-25-096635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000110465925096635/tm2527894d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-096635

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