Boxlight Corp (BOXL): debt financing — Boxlight enters $6M inventory finance agreement with related party J.J. ASTOR

Boxlight Corp

Up to $6M aggregate financing for 80% of finished goods inventory from manufacturer/supplier.
Each advance repayable in 90 days; fee structure: $1.0535 per $0.80 advanced.
Default triggers 10% balance increase and 19% daily compounded interest.
Counterparty J.J. ASTOR is led by director/former CEO Michael Pope, a related-party transaction.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Boxlight Corp incurred credit facility of $6 million with J.J. ASTOR & CO. at $1.0535 per $0.80 advanced maturing one year.

Instrument: credit facility
Principal: $6 million
Counterparty: J.J. ASTOR & CO.
Rate: $1.0535 per $0.80 advanced
Maturity: one year
Event: incurrence

Exact text from the filing

On May 27, 2025, Boxlight Corporation, a Nevada corporation (the “Company”), entered into an Inventory Finance Agreement (the “Agreement”) with J.J. ASTOR & CO., a Utah corporation ("J.J ASTOR”). Michael Pope, a current director of the Company and its former chairman, president and chief executive officer, is the chief executive officer of J.J ASTOR.

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Source: SEC EDGAR

accession 0001628280-25-029345

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