Item 1.01 Entry into a Material Definitive Agreement. On August 17, 2026 and August 19, 2026, respectively, Boxlight Corporation, a Nevada corporation (the “Company”), entered into two related but distinct amendments to that certain inventory finance agreement, dated May 27, 2025, as amended and restated on November 3, 2025 (the “Inventory Finance Agreement”), with J.J. Astor & Co., a Utah corporation (“J.J.…
Filed Aug 25, 2026Accepted Aug 25, 2026, 7:12 AM EDTCIK 1624512Accession 0001213900-26-093241
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch®, FrontRow™ and Mimio®. The company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, audio solutions, supporting accessories and professional services. For more information about the Boxlight story, visit www.boxlight.com.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
August 17, 2026 and August 19, 2026, respectively, Boxlight Corporation, a Nevada corporation (the “Company”), entered into
two related but distinct amendments to that certain inventory finance agreement, dated May 27, 2025, as amended and restated on November
3, 2025 (the “Inventory Finance Agreement”), with J.J. Astor & Co., a Utah corporation (“J.J. Astor”). The
Inventory Finance Agreement was previously amended on April 1, 2026 (the “First Amendment”), as disclosed in the Company’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on April 7, 2026. The amendments are referred to herein
as the “Second Amendment” and the “Third Amendment,” respectively. Michael Pope, chairman of the Company’s
board of directors and principal executive officer, is the chief executive officer of J.J. Astor, which is beneficially owned, directly
or indirectly, by a private investment fund managed by Mr. Pope. Accordingly, J.J. Astor is a related party to the Company in each transaction
described below.
On
August 17, 2026, pursuant to the Second Amendment, $75,608.38 of the outstanding balance under the Inventory Finance Agreement was converted
into 30,290 shares of common stock (the “Conversion Shares”) at a conversion price of $2.49615 per share (the “Conversion
Price”). The description of the Second Amendment set forth in this Item 1.01 is not complete and is qualified in its entirety by
reference to the full text of the Second Amendment, a copy of which is filed herewith as Exhibit 10.1.
On
August 19, 2026, pursuant to the Third Amendment, $92,357.55 of the outstanding balance under the Inventory Finance Agreement was converted
into 37,000 Conversion Shares at the Conversion Price of $2.49615 per share. The description of the Third Amendment set forth in this
Item 1.01 is not complete and is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is filed
herewith as Exhibit 10.2.