Boxlight regains compliance with Nasdaq equity rule via $4M offering, warrant exercises, preferred stock modifications

Boxlight Corp

• Raised $4.0M gross from Class A common stock offering on September 24, 2025.
• Warrant exercises yielded $1.9M gross at $2.13/share from 882,000 shares exercised.
• Series C Preferred (1,320,850 shares) converted into 194,843 Class A common shares.
• Modified Series B Preferred to remove redemption features, reclassifying as permanent equity.
• Previously regained compliance for independent director majority and audit committee financial expert rules.