Boxlight Corp (BOXL): Nasdaq/NYSE listing notice — 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.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Boxlight Corp received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1), 5605(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: board independence
Rules: 5605(b)(1), 5605(b)(1)(A)

Exact text from the filing

ting Rule or Requirement; Transfer of Listing. As previously reported in the Company’s Current Report on Form 8-K filed on June 4, 2025, R. Wayne Jackson resigned as a director of the Company on May 23, 2025. Mr. Jackson’s resignation resulted in the Company not being in compliance with Nasdaq Rule 5605(b)(1), which requires that a majority of the Board must be comprised of independent directors as defined in Nasdaq listing standards. Pursuant to Nasdaq Rule 5605(b)(1)(A), the Company has 180 days from the date of Mr. Jackson’s resignation, or until November 19, 2025, to cure this noncomplianc

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Boxlight Corp filing history →

Source: SEC EDGAR

accession 0001628280-25-040375

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