---
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"
generated_at: "2026-10-12T16:05:44.600607+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Boxlight issues $850K Series E preferred to Chairman-linked J.J. Astor; variable conversion, $0.95 floor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-107308
- JSON: https://secwatch.observer/filing/0001213900-26-107308.json
- Plain text: https://secwatch.observer/filing/0001213900-26-107308.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.