Boxlight Corp SEC Filings

Boxlight Corporation reported weakening operating results for the quarter ended June 30, 2025 with net revenue of $30.9 million, down from $38.5 million a year earlier, and six-month revenue of $53.3 million versus $75.6 million in the prior year period. Gross profit narrowed and the company recorded a net loss of $4.7 million for the quarter and $8.0 million for the six months, with basic and diluted loss per Class A share of $(1.53) for the quarter and $(2.95) for the six months.

Liquidity and capital structure challenges are central: cash was $7.6 million and short-term debt (Term Loan) was $39.0 million as of June 30, 2025 with the Term Loan maturing on December 31, 2025. The company disclosed repeated covenant non-compliance that was waived through amendments and a bridge loan of $2.5 million due August 31, 2025, and later a forbearance and ninth amendment that adjusted payment timing. Management states these factors raise substantial doubt about the company’s ability to continue as a going concern within one year. The company completed a February 2025 private placement raising approximately $2.8 million, effected a 1-for-5 reverse split in February 2025, and shareholders approved increasing authorized Class A shares to 25 million in August 2025.

Boxlight Corporation held its 2025 annual meeting on August 8, 2025 where shareholders representing 1,626,775 votes (or 61.38% of the 2,649,936 eligible votes) were present in person or by proxy. Shareholders elected all four director nominees, though several nominees received substantial withheld votes and there were 723,699 broker non-votes. The meeting also ratified FORVIS MAZARS, LLP as the independent auditor for the fiscal year ending December 31, 2025, approved the advisory executive compensation vote, and approved an amendment increasing authorized Class A shares from 3,750,000 to 25,000,000, expanding the company’s capacity to issue additional shares.

Boxlight Corporation (NASDAQ: BOXL) filed a Form 8-K announcing that Chief Financial Officer Greg Wiggins has submitted his resignation effective July 18, 2025. According to the filing, Wiggins is leaving to pursue another opportunity and there is no disagreement with the company regarding operations, policies, or practices. He will remain in his role until the effective date to assist with transition planning. No successor has been named and the report contains no additional financial data or strategic updates.

Boxlight Corporation (Nasdaq: BOXL) filed an 8-K announcing that non-executive director James Mark Elliott, age 72, resigned effective June 16, 2025. The sole purpose of the resignation is to assist the Company in regaining compliance with Nasdaq Rule 5605(b)(1), which mandates that a majority of the Board be independent. The Company confirms there was no disagreement with Mr. Elliott on any operational or policy matters. Management intends to retain him as an advisor and to nominate him for re-election once the independence requirement is met. No financial results, transactions, or other material events were disclosed.

The Schedule 13G filed on 20 Feb 2025 shows that a group of Roystone-affiliated entities – Roystone Fund LP, Roystone Fund GP LLC, Roystone Management Holdings LLC, RB Management GP LLC and Richard Barrera – has accumulated a 9.9 % beneficial ownership in Boxlight Corporation (NASDAQ: BOXL) Class A common stock.

The group reports aggregate beneficial ownership of 236,652 shares, all held with shared voting and dispositive power. The position consists of 236,000 common shares and 205,000 pre-funded warrants that are each exercisable for one share but are contractually limited to keep overall ownership below the 9.9 % threshold. A footnote indicates that, as of the event date, the economic interest was effectively 100,000 common shares plus 341,000 pre-funded warrants, yet the 9.9 % cap governs reportable ownership.

This 13G filing signals a passive investment under Rule 13d-1(c), with all entities organized in Delaware except the individual filer. No other material transactions, earnings data or governance changes are disclosed.