Duluth, GA – October 14, 2025--Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the “Company”), a leading provider of interactive technology solutions, today announced that it has regained compliance with Nasdaq for continued listing and that its stock will continue to trade on The Nasdaq Stock Market.
The Company announced on October 3, 2025, that it believed that it had stockholders’ equity of at least $2.5 million as required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”). The Company also included in that announcement a summary of other recent events that enabled it to attain this achievement, including:
The receipt of shareholder approval of an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of Class A common stock to 25,000,000;
The completion of an offering of its Class A common stock that raised $4.0 million in gross proceeds, before deducting the placement agent’s fees and other offering expenses payable by the Company;
The exercise of warrants that provided the Company with $1.9 million of gross proceeds;
Its entry into an agreement to modify the terms of its Series B Preferred Stock that the Company believes allows it to classify the Series B Preferred Stock as permanent equity on its consolidated balance sheet; and
The conversion of its Series C Preferred Stock into common stock of the Company by the holders.
On October 8, 2025, the Company received formal notice from Nasdaq stating that Boxlight has regained compliance with Nasdaq’s Listing Rule 5550(b)(1). On the same date, Nasdaq also notified the Company that it had determined that the Company also complied with its rules relating to independent director and audit committee requirements and that those matters were closed.
The Staff indicated that Nasdaq will continue to monitor the Company’s compliance with the Equity Rule and, if at the time of its next periodic report the Company does not comply, the Company may be subject to delisting.
About Boxlight Corporation
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 business and education environments. Boxlight develops, sells and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories, and professional services. For more information about Boxlight and the Boxlight story, visit http://www.boxlight.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as "believe," "may," "will," "estimate," "target," "continue," "anticipate," "intend," "expect," "should," "would," "propose," "plan," "project," "forecast," "predict," "potential," "seek," "future," "outlook," and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding the completion of the private placement, the satisfaction of customary closing conditions related to the private placement, and the intended use of proceeds from the private placement. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of the Company’s control. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements include, among other things: the Company’s ability to avoid being delisted from the Nasdaq Capital Market on October 6, 2025 due to its noncompliance with the minimum stockholders’ equity requirement of Nasdaq Listing Rule 5550(b), or due to other current or, in view of the Company’s past history of listing noncompliance, future instances of noncompliance; the Company’s ability to comply with certain covenants, minimum liquidity and borrowing base requirements under our existing credit agreement, or in the alternative, to continue to obtain forbearances or waivers from the lender thereunder with respect to defaults thereunder, including currently existing defaults; the Company’s ability to continue to operate as a going concern; the Company’s ability to pay the redemption price of its outstanding Series B Preferred Stock and Series C Preferred Stock in the event the holders thereof were to opt to cause the Company to redeem the Series B Preferred Stock or Series C Preferred Stock; the Company’s indebtedness, a substantial amount of which is bearing interest at a variable rate; the Company’s history of operating losses; the Company’s ability to raise additional capital; changes in the sales of the Company’s display products; seasonal fluctuations in the Company’s business; changes in the Company’s working capital requirements and cash flow fluctuations; competition in the Company’s industry; and the other risks described in the sections titled "Risk Factors" in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as reports on Form 8-K. Forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
