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[SCHEDULE 13D/A] Boxlight Corp SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

HIC 2, LLC reports it beneficially owns 115,000 shares of Boxlight Corp Class A common stock, representing approximately 4.3% of the class, with sole voting and dispositive power. The reporting person says the position was funded with personal capital and that it previously sought to engage with Boxlight's management on corporate governance matters.

The reporting person has determined to divest its entire position: it has sold or intends to sell the reported shares and plans to exercise remaining warrants to acquire additional Class A shares, which it also intends to sell promptly after exercise. Other than these sales and warrant exercises, no additional plans or proposals regarding the issuer are disclosed.

Positive
  • Position funded with personal capital
  • Reporting person discloses sole voting and dispositive power, providing transparency on control
Negative
  • Reporting person intends to divest entire 4.3% stake (115,000 shares)
  • Plans to exercise outstanding warrants and then sell resulting shares, creating potential near-term selling pressure

Insights

TL;DR: A 4.3% holder is exiting by selling shares and exercising warrants, which could pressure shares near term.

HIC 2's decision to divest its entire 4.3% stake and to exercise outstanding warrants before selling increases potential near-term supply of Boxlight Class A shares. For investors, the combination of outright sales and warrant exercises is a clear liquidity-driven action rather than a governance escalation. The disclosure that funds were personal complicates determining strategic motives, but the firm explicitly states reallocation of capital as its reason. The size of the holding is meaningful for a smaller-cap issuer and could influence short-term trading dynamics.

TL;DR: Previously engaged with management on governance, but now exiting; no new governance proposals announced.

The filing confirms prior intent to discuss governance and to nominate directors, but the reporting person now intends to divest rather than pursue additional governance actions. That cessation of active engagement removes a potential catalyst for board change. The report contains no new contracts, arrangements, or proposals, and the reporting person disclaims further plans related to governance items. From a governance perspective, this reduces near-term activist pressure on the board.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D


HIC 2, LLC
Signature:Gorr Sahakian
Name/Title:Gorr Sahakian, Vice President
Date:09/24/2025

FAQ

How many Boxlight (BOXL) Class A shares does HIC 2, LLC report owning?

HIC 2, LLC reports beneficial ownership of 115,000 Class A shares, representing approximately 4.3% of the class with sole voting and dispositive power.

Does HIC 2 plan to keep or sell its Boxlight (BOXL) holdings?

The reporting person has determined to divest its entire position: it has sold or intends to sell the reported shares and plans to exercise and then sell shares arising from warrants.

What was the source of funds used by HIC 2 to acquire BOXL securities?

The filing states the position was funded entirely with personal capital.

Did HIC 2 disclose any ongoing plans to influence Boxlight's governance?

The filing notes prior intent to engage on corporate governance, but currently the reporting person states it has no other intention, plan or proposal related to governance matters beyond the divestiture.

Will HIC 2 exercise warrants related to Boxlight and what will happen to the resulting shares?

Yes. The reporting person plans to exercise all remaining warrants to acquire additional Class A shares and intends to sell those shares promptly following exercise.
Boxlight Corp

NASDAQ:BOXL

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Consumer Electronics
Services-educational Services
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United States
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