[SCHEDULE 13D/A] Boxlight Corp SEC Filing
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.
- Position funded with personal capital
- Reporting person discloses sole voting and dispositive power, providing transparency on control
- 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.