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$BOXL·8-K

Boxlight Corp · Jun 22, 11:10 AM ET

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Boxlight Corp 8-K

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Boxlight Corp Announces 1-for-6 Reverse Stock Split

What Happened
Boxlight Corporation (Nasdaq: BOXL) reported that its Board approved a 1-for-6 reverse stock split of its Class A common stock, effective at 9:30 a.m. Eastern Time on June 22, 2026. The Company filed a Certificate of Change with the Nevada Secretary of State on June 17, 2026 and will continue trading on Nasdaq under the existing symbol “BOXL” on a reverse-split adjusted basis.

Key Details

  • Reverse split ratio: 1-for-6, effective 9:30 a.m. ET on June 22, 2026.
  • CUSIP change: new CUSIP for Class A common stock will be 103197505.
  • Authorized shares: Class A authorized shares reduced from 4,166,667 to 694,445; par value remains $0.0001. Class B and preferred authorized shares unchanged.
  • Fractional shares: no fractional shares will be issued; instead the Company will issue one whole post-split share to any holder who otherwise would have received a fractional share.
  • Transfer agent: VStock Transfer, LLC. Registered holders need take no action; brokerage positions will be adjusted per broker procedures.
  • Equity/warrant adjustments: proportionate adjustments to outstanding equity awards, warrants (each warrant will become exercisable for 1/6 of a share), and convertible preferred conversion factors.
  • Approval and purpose: approved by the Board (no stockholder vote required under Nevada law) to try to increase the closing bid above $1.00 and manage compliance with Nasdaq Listing Rule 5550(a)(2).
  • Announcement: press release issued June 17, 2026.

Why It Matters
A reverse stock split reduces the number of outstanding Class A shares and raises the per-share price on a proportional basis. Boxlight’s stated intent is to increase its share price above $1.00 to address Nasdaq’s minimum bid price requirement. For shareholders this changes share counts (rounded as described) but does not materially alter ownership percentages or voting power except for rounding effects; outstanding options, warrants and convertible instruments will be adjusted proportionally, which can affect exercisability and conversion economics.