Boxlight Shares Slide After Pricing $5M Equity Offering

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  • Boxlight Corp BOXL has entered into a securities purchase agreement with a single institutional investor to purchase approximately $5.0 million of its shares.
  • The combined purchase price for one share of common stock and one warrant to purchase one share of common stock will be $0.68.
  • Under the terms of the securities purchase agreement, Boxlight has agreed to sell 7.3 million shares and warrants to purchase up to an aggregate of 7.3 million shares.
  • The offering is expected to close on or about July 26, 2022.
  • Price Action: BOXL shares are trading lower by 21.85% at $0.53 on the last check Friday.
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