Boxlight enters forbearance; warns it may not repay $32.2M debt due Dec 31, 2025

Boxlight Corp

Company indebted ~$32.2M under credit agreement maturing Dec 31, 2025; does not expect to be able to repay.
Lender waived specified defaults (covenant and borrowing base violations) through Dec 31, 2025, subject to conditions.
Company must make $3M prepayment; interest margins increased to 6.50% (SOFR) and 5.50% (reference); IP borrowing base reduced from $11.2M to $8M.
If lender forecloses, company may be unable to continue as going concern; common stockholders could lose most or all investment.
Company must add all subsidiaries as loan parties by Dec 10, 2025, and deliver appraisals/exams by Dec 22/29, 2025, or face immediate default.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Boxlight Corp amended Forbearance Agreement and Tenth Amendment and Waiver to Credit Agreement with Whitehawk Finance LLC and White Capital Partners LP valued at approximately $32.2 million (effective 2025-12-02).

Action: amendment
Agreement: credit facility
Counterparty: Whitehawk Finance LLC and White Capital Partners LP
Value: approximately $32.2 million
Effective: 2025-12-02

Exact text from the filing

On December 2, 2025, Boxlight Corporation, a Nevada corporation (the “Company”), and its subsidiaries entered into a Forbearance Agreement and Tenth Amendment and Waiver to Credit Agreement (the “Tenth Amendment”) with Whitehawk Finance LLC, as the lender (the “Lender”) and White Capital Partners LP, as collateral agent (the “Collateral Agent”).

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Boxlight Corp filing history →

Source: SEC EDGAR

accession 0001628280-25-055290

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