{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-023984","form_type":"8-K","ticker":"BOXL","cik":"0001624512","company_name":"Boxlight Corp","filed_at":"2026-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.606863+00:00","generated_at":"2026-05-15T07:01:47.878967+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Boxlight converts $556,200 debt to 600K shares at $0.927; acknowledges default","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-023984","json":"https://secwatch.observer/filing/0001628280-26-023984.json","markdown":"https://secwatch.observer/filing/0001628280-26-023984.md","text":"https://secwatch.observer/filing/0001628280-26-023984.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/0001628280-26-023984-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/boxl-20260401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:01:47.878967+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ad6b71334b5e1e81b8c14fcbcecdee404244ca75","claim":"Boxlight Corp amended Amended and Restated Agreement with J.J. Astor & Co. valued at $556,200 (effective 2026-04-01).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/0001628280-26-023984-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"J.J. Astor & Co."},{"label":"Value","value":"$556,200"},{"label":"Effective","value":"2026-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}