Boxlight (BOXL) Company Report

Boxlight Corporation entered into a Forbearance Agreement and Tenth Amendment to its Credit Agreement on December 2, 2025, after experiencing multiple defaults, including failing to maintain the required Senior Leverage Ratio for the period ended September 30, 2025, and borrowing base non-compliance for several months.
The company is currently indebted for approximately $32.2 million under the Credit Agreement, which matures on December 31, 2025. Boxlight does not expect to be able to repay this outstanding indebtedness by the maturity date, and potential foreclosure by the lender could lead to insolvency and significant loss for common stockholders.
Key amendments include a mandatory voluntary prepayment of not less than $3,000,000 and a reduction in the intellectual property borrowing base from $11,200,000 to $8,000,000.
The agreement also requires all subsidiaries to become Loan Parties by December 10, 2025, and for appraisal and field examination reports to be submitted by December 22, 2025, and December 29, 2025, respectively, with non-compliance leading to an immediate Event of Default.

3 days ago

Boxlight Amends Inventory Finance Agreement with Related Party

BOXL

Debt Issuance

Convertible Preferred Issuance

Boxlight Corporation amended its Inventory Finance Agreement with J.J. Astor & CO. on November 3, 2025, increasing the maximum financing amount available to $9 million, a $3 million increase from the original agreement.
This agreement is a related-party transaction, as Michael Pope, CEO of J.J. Astor & CO., also serves as Boxlight's Chairman of the Board and former CEO.
Under the Restated Agreement, Boxlight can finance 80% of certain finished goods inventory purchases, with advances payable within 90 days at a rate of $1.0535 per $0.80 advanced.
J.J. Astor & CO. retains the option to convert amounts owed into shares of Boxlight's common stock and can require the company to register these shares for public resale.

Nov 7, 2025, 9:14 PM

Boxlight Reports Q3 2025 Financial Results with Revenue Decline and Increased Net Loss

BOXL

Earnings

Demand Weakening

Delisting/Listing Issues

Boxlight reported Q3 2025 revenue of $29.3 million, marking a 19.2% decrease from the prior year quarter, and a net loss of $6.2 million, compared to a net loss of $3.1 million in Q3 2024.
The gross profit margin for Q3 2025 decreased to 29.1% from 33.8% in the prior year quarter, primarily due to increased tariff costs.
The company ended the quarter with $11.8 million in cash and $36.7 million in total debt as of September 30, 2025.
Boxlight regained compliance with Nasdaq for continued listing but was not in compliance with financial covenants under its Credit Agreement at July 31, August 31, and September 30, 2025.

Nov 6, 2025, 2:13 PM

Boxlight Corporation establishes "at the market" equity offering program

BOXL

Boxlight Corporation (BOXL) entered into a sales agreement with A.G.P./Alliance Global Partners on October 16, 2025, to establish an "at the market offering" program.
Under this program, the company may issue and sell up to an aggregate of $4,800,000 of its Class A Common Stock from time to time.
A.G.P./Alliance Global Partners will serve as the sales agent and will receive a fixed commission rate of 3.00% of the gross proceeds from the sale of shares.

Oct 16, 2025, 8:12 PM

Boxlight Regains Nasdaq Compliance

BOXL

Delisting/Listing Issues

Convertible Preferred Issuance

Boxlight Corporation has regained compliance with Nasdaq for continued listing, ensuring its stock will continue to trade on The Nasdaq Stock Market.
The company received formal notice from Nasdaq on October 8, 2025, confirming compliance with Listing Rule 5550(b)(1) regarding stockholders' equity.
This compliance was achieved through several actions, including an offering that raised $4.0 million in gross proceeds and warrant exercises providing $1.9 million of gross proceeds, alongside modifications to Series B Preferred Stock and conversion of Series C Preferred Stock.
Nasdaq will continue to monitor Boxlight's compliance, and future non-compliance at the time of its next periodic report could result in delisting.

Oct 14, 2025, 1:00 PM

Boxlight Corporation Amends Preferred Stock Terms and Converts Series C Shares

BOXL

Dividends

Boxlight Corporation entered into an agreement with holders of its Series B and Series C Preferred Stock, effective October 1, 2025.
All 1,320,850 outstanding shares of Series C Stock were converted into a total of 198,920 shares of Class A Common Stock.
The terms of the Series B Preferred Stock were amended, eliminating the holders' option to convert or redeem their shares.
The annual dividend rate on Series B Preferred Stock, currently 8%, will increase incrementally to 12% by October 2, 2030.
Boxlight will apply up to 20% of net proceeds from future Qualified Offerings to redeem Series B Stock at $10.00 per share.

Oct 3, 2025, 8:01 PM

Boxlight Announces Pricing of $4 Million Registered Direct Offering

BOXL

Boxlight Corporation announced a registered direct offering of 1,333,333 shares of common stock at a purchase price of $3.00 per share.
The offering resulted in gross proceeds of approximately $4 million.
The net proceeds from the offering will be used for working capital and debt reduction as agreed upon with the Company’s senior lender.
The closing of the offering occurred on September 24, 2025.