Item 8.01 Other Events. On September 2, 2026, Boxlight Corporation (the “Company”) received a written decision (the “Panel Decision”) from the Nasdaq Hearings Panel (the “Panel”) determining that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum of $2,500,000 in stockholders’ equity (the “Equity Rule”), and granting the C…
We are a technology company that is seeking to become a world-wide leading innovator and integrator of interactive products and software for schools, education, business, and government interactive spaces. We currently design, produce and distribute interactive displays, collaboration software, campus communication solutions, supporting accessories and professional services. We also distribute science, technology, engineering, and math (or “STEM”) products, including a robotics and coding system, 3D printing solution and portable science lab. The Company’s products are integrated into its software suite that provides tools for presentation creation and delivery, assessment, collaboration, and communication.
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Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On September 2, 2026, Boxlight Corporation (the “Company”) received a written decision (the “Panel Decision”) from the Nasdaq Hearings Panel (the “Panel”) determining that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum of $2,500,000 in stockholders’ equity (the “Equity Rule”), and granting the Company’s request for continued listing on The Nasdaq Stock Market (“Nasdaq”). The Panel’s determination followed a hearing held on August 13, 2026, at which the Company presented its compliance plan, including the completion of a PIPE transaction yielding approximately $6.6 million in net proceeds (the “Series D Convertible Preferred Stock Financing”), an anticipated $15 million equity line of credit, and a planned $2.9 million debt-to-equity swap. On August 5, 2026, the Company closed Tranche One of the Series D Convertible Preferred Stock Financing, raising $4.8 million, net of fees.
Pursuant to Nasdaq Listing Rule 5815(d)(4)(A), the Panel imposed a one-year Discretionary Panel Monitor on the Company, effective August 17, 2026 (the “Monitoring Period”). During the Monitoring Period, if the Listing Qualifications Staff finds the Company out of compliance with any Nasdaq Listing Rule, notwithstanding Rule 5810(c)(2), the Company will not be permitted to provide a compliance plan, Staff will not be permitted to grant additional time for the Company to regain compliance, and the Company will not be afforded an applicable cure or compliance period pursuant to Rule 5810(c)(3). Instead, Staff will issue a Delist Determination Letter, at which time the Company may request a new hearing before the Panel or a newly convened Hearings Panel, and the Company’s securities may be delisted from Nasdaq.
The Company may request review of the Panel Decision by the Nasdaq Listing and Hearing Review Council. A written request for review must be received within 15 calendar days from the date of the Panel Decision, subject to a $15,000 fee. Additionally, the Nasdaq Listing and Hearing Review Council may, on its own motion, determine to review the Panel Decision within 45 calendar days after issuance of the written decision.