Boxlight converts $556,200 debt to 600K shares at $0.927; acknowledges default

Boxlight Corp

$556,200 of inventory finance debt converted into 600,000 common shares at $0.927/share; related party with Chairman Michael Pope.
Company acknowledges an Event of Default is continuing under the agreement.
Proceeds Protection clause: if sale of conversion shares yields less than $556,200, Boxlight must pay shortfall in cash or additional shares (Make Whole Payment).
Maximum inventory purchase amount revised to $10M; registration statement for resale of shares due by June 30, 2026.
Issuance limited to 19.99% beneficial ownership cap; shareholder approval required for any shares exceeding 20% of outstanding.

item 1.01 item 9.01

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 Amended and Restated Agreement with J.J. Astor & Co. valued at $556,200 (effective 2026-04-01).

Action: amendment
Agreement: credit facility
Counterparty: J.J. Astor & Co.
Value: $556,200
Effective: 2026-04-01

Exact text from the filing

On April 1, 2026, Boxlight Corporation, a Nevada corporation (the “Company”) entered into an amendment to that certain inventory finance agreement, dated May 27, 2025, as amended and restated on November 7, 2025, (as so amended through the date hereof, the “Amended and Restated Agreement”) with J.J. Astor & Co., a Utah corporation (“J.J. Astor”).

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Boxlight Corp filing history →

Source: SEC EDGAR

accession 0001628280-26-023984

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