Boxlight announces 1-for-8 reverse stock split of class A stock

Boxlight Corporation announced that its Board of Directors has approved a 1-for-8 reverse stock split of Boxlight’s Class A common stock, par value $0.0001 per share. The Reverse Stock Split will become effective at 5:01 p.m. Eastern Time on June 14, 2023, and the Class A Common Stock will open for trading on The Nasdaq Stock Exchange on a reverse split-adjusted basis on June 15, 2023 under the existing trading symbol “BOXL.” The new CUSIP number for the Class A Common Stock following the Reverse Stock Split will be 103197208. At the effective time of the Reverse Stock Split, every 8 shares of the Class A Common Stock issued and outstanding or held as treasury stock will be automatically reclassified into one new share of Class A Common Stock. The total number of shares of Class A Common Stock authorized for issuance will be reduced by a corresponding proportion from 150,000,000 shares to 18,750,000 shares of Class A common stock. The par value per share of the Class A Common Stock will remain unchanged at $0.0001 per share.