other material
confidence high
sentiment negative
materiality 0.70
Boxlight Corp approves 1-for-6 reverse stock split to regain Nasdaq compliance
Boxlight Corp
- Reverse split effective 9:30 a.m. ET June 22, 2026; symbol remains BOXL; new CUSIP 103197505.
- Purpose is to raise closing bid price above $1.00 to meet Nasdaq Listing Rule 5550(a)(2).
- Authorized Class A shares reduced proportionally from 4,166,667 to 694,445; par value unchanged.
- No fractional shares issued; fractional interests rounded up to nearest whole share.
- Outstanding warrants, equity awards, and convertible preferred stock adjusted proportionally.