{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-107308","form_type":"8-K","ticker":"BOXL","cik":"0001624512","company_name":"Boxlight Corp","filed_at":"2026-10-06T21:30:24+00:00","discovered_at":"2026-10-06T21:32:00.296853+00:00","generated_at":"2026-10-12T16:05:44.600607+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Boxlight issues $850K Series E preferred to Chairman-linked J.J. Astor; variable conversion, $0.95 floor","bullets":["Series E SPA: 106,250 shares of new Series E Convertible Preferred at $8.00/share (20% OID), aggregate subscription $850,000, stated value $10.00/share ($1,062,500 total).","Buyer J.J. Astor & Co. is led by CEO Michael Pope, also Boxlight's Chairman; he recused himself and disinterested directors (Clark, Fittin, Kuo, Elliott) unanimously approved Sept 30, 2026.","Series E terms: conversion at greater of $0.95 floor (20% of Nasdaq minimum) or 80% of 5-day lowest close; 19.99% exchange cap and beneficial ownership limit; 20%/yr default dividends PIK.","Net proceeds for working capital and potential acquisitions; barred from debt repayment, share redemptions, or litigation settlements; RRA requires resale S-1 within 30 days.","Series D CoD amended: liquidation preference no longer triggered by merger/asset sale; new Section 15(d) requires Series D majority consent for mergers, >50% tender offers, and asset sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-107308","json":"https://secwatch.observer/filing/0001213900-26-107308.json","markdown":"https://secwatch.observer/filing/0001213900-26-107308.md","text":"https://secwatch.observer/filing/0001213900-26-107308.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624512/000121390026107308/0001213900-26-107308-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624512/000121390026107308/ea0307650-8k_boxlight.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:05:44.600607+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}