Boxlight appoints three directors but remains at risk of Nasdaq delisting due to deficit and losses

Boxlight Corp

Appointed Carine Clark and Peter Fittin as independent directors effective Aug 9, 2025; James Mark Elliott re-joined board Aug 14.
Company believes it regained compliance with Nasdaq majority-independent board requirement (Rule 5605(b)(1)).
Still non-compliant with Nasdaq Rule 5605(c)(2)(A) (audit committee); cure deadline Nov 19, 2025.
Failed Nasdaq Rule 5550(b): stockholders' deficit of $12.9M, net loss $28.3M (2024), market value $2.8M.
Compliance plan for Rule 5550(b) accepted; must evidence compliance by Oct 6, 2025; delisting risk remains.

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