{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-124917","form_type":"8-K","ticker":"BOXL","cik":"0001624512","company_name":"Boxlight Corp","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.961214+00:00","generated_at":"2026-05-16T12:06:44.992866+00:00","sec_items":["1.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Boxlight amends credit agreement extending maturity to Apr 2027; CEO Strang to step down Feb 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-124917","json":"https://secwatch.observer/filing/0001104659-25-124917.json","markdown":"https://secwatch.observer/filing/0001104659-25-124917.md","text":"https://secwatch.observer/filing/0001104659-25-124917.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624512/000110465925124917/0001104659-25-124917-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624512/000110465925124917/tm2534370d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:06:44.992866+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9b44d869410ee2fe3b5419b0089153d0f8f2f718","claim":"Boxlight Corp amended credit facility of approximately $32.2 million with Whitehawk Finance LLC at 6.50% for Secured Overnight Financing Rate (SOFR) loans and 5.50% for reference maturing April 1, 2027.","evidence_excerpt":"Amendment is expected to become effective by January 31, 2026. Pursuant to the Credit Agreement, the Company is currently indebted to the Lender in the approximate amount of $32.2 million. Material Terms and Amendments: Extension of Maturity Pursuant to the Eleventh Amendment, the Lender agreed to extend the final maturity date of the loans under the Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624512/000110465925124917/0001104659-25-124917-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $32.2 million"},{"label":"Counterparty","value":"Whitehawk Finance LLC"},{"label":"Rate","value":"6.50% for Secured Overnight Financing Rate (SOFR) loans and 5.50% for reference"},{"label":"Maturity","value":"April 1, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"4176d71498cb07f1ef503f674bd3e4bf725c731a","claim":"Boxlight Corp amended Eleventh Amendment to Credit Agreement with Whitehawk Finance LLC (effective 2025-12-18).","evidence_excerpt":"On December 18, 2025, Boxlight Corporation, a Nevada corporation (the “Company”), and its subsidiaries entered into the Eleventh Amendment to Credit Agreement (the “Eleventh Amendment”) with Whitehawk Finance LLC, as the lender (the “Lender”) and Whitehawk Capital Partners LP, as administrative agent and collateral agent (the “Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624512/000110465925124917/0001104659-25-124917-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Whitehawk Finance LLC"},{"label":"Effective","value":"2025-12-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}