secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001628280-25-005314
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025005314/0001628280-25-005314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000162828025005314/boxl-20250212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-005314

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