---
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"
generated_at: "2026-05-15T07:01:47.878967+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-023984
- JSON: https://secwatch.observer/filing/0001628280-26-023984.json
- Plain text: https://secwatch.observer/filing/0001628280-26-023984.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/0001628280-26-023984-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.