Boxlight closes USD 5.5 million private placement of Series D convertible preferred stock

Reuters2026/08/18 16:10

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Boxlight closed an unregistered private placement of Series D Convertible Preferred Stock, targeting up to USD 7.5 million gross proceeds.
USD 5.5 million funded at the Aug. 6 closing; remaining USD 2 million tied to effectiveness of a resale registration statement.
Deal issued 937,500 Series D shares at USD 8 each; stated value USD 10, implying a 20% original issue discount.
Preferred converts into Class A common at the greater of a floor price or 80% of the lowest close over five trading days.
Proceeds earmarked for general corporate purposes, including working capital, debt retirement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boxlight Corporation published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Boxlight closes USD 5.5 million private placement of Series D convertible preferred stock

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