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®. Boxlight 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, https://www.clevertouch.com and https://www.gofrontrow.com.
Forward Looking Statements
This press release may contain information about Boxlight's view of its future expectations, plans and prospects that constitute forward-looking statements, including the information regarding finalization of a waiver with the Company's lender. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to: our ability to continue operating as a going concern; our ability to comply with certain covenants, minimum liquidity and borrowing base requirements under our existing credit agreement, or to obtain waivers of compliance; our ability to maintain a listing of our Class A common stock; changes in the sales of our display products; seasonality; changes in our working capital requirements and cash flow fluctuations; competition; our ability to enhance our products and to develop, introduce and sell new technologies and products at competitive prices and in a timely manner; our reliance on resellers and distributors; the success of our strategy to increase sales in the business and government market; changes in market saturation for our products; challenges growing our sales in foreign markets; our dependency on third-party suppliers; our ability to enter into and maintain strategic alliances with third parties; our ability to keep pace with technology; changes in the spending policies or budget priorities for government funding of schools, colleges, universities, other education providers or government agencies. Boxlight encourages you to review other factors that may affect its future results and performance in Boxlight's filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2023, as filed on March 14, 2024, and any updated to those risk factors in Boxlight's subsequently filed Quarterly Reports on Form 10-Q. Given these factors, risks and uncertainties, we caution you not to place undue reliance on forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
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