Entry into a Material Definitive Agreement · Material Modification to Rights of Security Holders
Item 1.01 Entry into a Material Definitive Agreement. On October 9, 2026, the Company, the Series D Majority Holders and J.J. Astor executed and delivered the Revised Series D Consent, effective as of September 30, 2026. The Revised Series D Consent amends the Original Series D Consent to, among other things:…
Filed Oct 13, 2026Accepted Oct 13, 2026, 11:03 AM EDTCIK 1624512Accession 0001213900-26-108859
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
October 9, 2026, the Company, the Series D Majority Holders and J.J. Astor executed and delivered the Revised Series D Consent, effective
as of September 30, 2026. The Revised Series D Consent amends the Original Series D Consent to, among other things:
(a)
extend the consent to the Series E CoD itself, consent to the execution and delivery (rather than the execution, delivery and performance)
of the Series E Documents, and add the acknowledgment that the Series E Preferred Stock is the only series of the Company’s preferred
stock with “as converted” voting rights;
(b)
narrow the most-favored-nation waiver to the voting rights provided for as a term of the Series E Preferred Stock (rather than any right
to receive voting rights or any other term of the Series E Preferred Stock), and no longer waive participation, equal-treatment or similar
rights;
(c)
replace the broad waiver of any breach, Event of Default, Default Premium, Default Dividend or other remedy arising from the Series E
transaction with a limited waiver, subject to carve-outs;
(d)
remove the consent to register the Series E Conversion Shares, including by pre-effective amendment to the Company’s Registration
Statement on Form S-1 filed with the SEC on September 22, 2026, and instead restrict registration of the Series E Conversion Shares;
(e)
add the conversion limitation on the Series E Preferred Stock and the related consent and waiver of J.J. Astor as the holder of the Series
E Preferred Stock; and
(f)
add a reservation of rights by the Series D Majority Holders and provisions protecting J.J. Astor.
Michael
Pope, the Chairman of the Board, is also the Chief Executive Officer of J.J. Astor and executed the acknowledgment of the Revised Series
D Consent on behalf of J.J. Astor.
The
foregoing description of the Revised Series D Consent does not purport to be complete and is qualified in its entirety by reference to
the full text of the Revised Series D Consent, a copy of which is filed as Exhibit 10.4 to this Amendment and is incorporated herein
by reference.
Item 3.03Item 3.03 - Material Modification to Rights
Item
3.03 Material Modification to Rights of Security Holders.
The
information set forth in Item 1.01 of this Amendment regarding the Revised Series D Consent is incorporated herein by reference. The
conversion limitation and registration restrictions agreed to by J.J. Astor in the Revised Series D Consent modify, as between the Company,
the Series D Majority Holders and J.J. Astor, the conversion and registration rights of the Series E Preferred Stock described in Items
1.01, 3.03 and 5.03 of the Original Form 8-K. In particular, notwithstanding the Series E CoD, the Series E Preferred Stock may not be
converted until the earlier of (i) such time as no shares of Series D Preferred Stock remain outstanding and (ii) the date on which a
registration statement covering the resale of all shares of Class A Common Stock issuable upon conversion of the Series D Preferred Stock
has been declared effective and the Required Stockholder Approvals have been obtained.