secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001628280-26-023984
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/0001628280-26-023984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000162828026023984/boxl-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-023984

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