Boxlight Corp [BOXL] - Convertible Preferred Issuance
Boxlight Corp has issued 937,500 shares of Series D Convertible Preferred Stock at a Stated Value of $10.00 per share, raising an aggregate Subscription Amount of $7,500,000 from the Purchasers under a Securities Purchase Agreement dated August 5, 2026.
Why this matters
Boxlight Corp, a company operating in the educational services sector, has issued 937,500 shares of Series D Convertible Preferred Stock at a stated value of $10.00 per share, raising a total of $7,500,000. This issuance was conducted under a Securities Purchase Agreement dated August 5, 2026. The company filed a Certificate of Designation with the Secretary of State of Nevada to amend the liquidation preference terms, which will now apply only in cases of voluntary or involuntary liquidation, dissolution, or winding up, and not in cases of mergers or sales of assets or stock. This amendment required the approval of the majority of Series D Convertible Preferred Stockholders, the Board of Directors, and any necessary stockholder approval under Nevada law.