Business
Boxlight Announces Pricing of $4 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules
DULUTH, Ga., September 23, 2025--Boxlight Corporation (Nasdaq: BOXL) (the "Company or "Boxlight"), a globally recognized leader in educational technology, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 1,333,333 shares of common stock at a purchase price of $3.00 per share, pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in gross proceeds of approximately $4 mill
About this update from Boxlight Corporation
[{"type":"text","content":"DULUTH, Ga., September 23, 2025--(BUSINESS WIRE)--Boxlight Corporation (Nasdaq: BOXL) (the "Company or "Boxlight"), a globally recognized leader in educational technology, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 1,333,333 shares of common stock at a purchase price of $3.00 per share, pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in gross proceeds of approximately $4 million, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about September 24, 2025, subject to the satisfaction of customary closing conditions.","length":752,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the offering for working capital and debt reduction as agreed upon with the Company’s senior lender.","length":149,"tagName":"p"},{"type":"text","content":"This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-284493) which was declared effective by the Securities and Exchange Commission (the "SEC") on February 5, 2025. The offering is made only by means of a prospectus which is part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.","length":545,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.","length":389,"tagName":"p"},{"type":"text","content":"About Boxlight Corporation","length":26,"tagName":"p"},{"type":"text","content":"Boxlight Corporation (Nasdaq: BOXL) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. The Company aims to improve engagement and communication in diverse b...