Boxlight approves 1-for-5 reverse stock split to regain Nasdaq minimum bid price compliance

Boxlight Corp

Reverse stock split effective 5:01 p.m. ET Feb. 14, 2025; adjusted trading begins Feb. 18 under symbol 'BOXL'.
Every 5 pre-split shares become 1 share; no fractional shares (rounded up). Authorized Class A shares reduced from 18.75M to 3.75M.
Split aims to raise bid price above $1.00 to meet Nasdaq Rule 5550(a)(2) by Feb. 24, 2025 deadline.
Company received delisting notice Feb. 2024; has not regained compliance. May face delisting if split does not achieve 10 consecutive days >$1.00.
If delisted, trading would move to OTC; company intends to appeal any delisting determination.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Boxlight Corp: Reverse stock split at a 1-for-5 ratio, effective 5:01 p.m. ET on February 14, 2025, to comply with Nasdaq Bid Price Rule (effective 2025-02-14).

Change: charter amendment
Effective: 2025-02-14

Exact text from the filing

The Board of Directors (“Board”) of Boxlight Corporation, a Nevada corporation (the “Company”), approved a reverse stock split of the Company’s authorized, issued and outstanding shares of Class A common stock, par value $0.0001 per share (“Class A Common Stock”), at a ratio of 1-for-5 (the “Reverse Stock Split”).

View on SEC.gov

89 governance changes filed in the last 30 days. Browse all governance changes →

Boxlight Corp filing history →

Source: SEC EDGAR

accession 0001628280-25-005314

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.