Boxlight amends credit agreement extending maturity to Apr 2027; CEO Strang to step down Feb 2026

Boxlight Corp

Amended credit agreement extends maturity from Dec 31, 2025 to Apr 1, 2027; current debt ~$32.2M.
Suspends mandatory quarterly amortization through June 30, 2026; first payment due Sep 30, 2026.
Replaced senior leverage ratio covenant with minimum Adjusted EBITDA covenant ($1.94M for Q1 2026).
CEO Dale Strang to resign effective Feb 17, 2026; will receive 12 months salary ($400k/yr) and benefits.
Company expects to regain Nasdaq majority independent board compliance with Strang's resignation.

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