Boxlight enters $850,000 Series E preferred stock private placement at 20% discount
BOXL•Boxlight signed a private placement for 106,250 Series E convertible preferred shares for $850,000 at $8 each. Separately, it priced a Series D placement with a $9.38 million stated value for $7.5 million, covering 937,500 shares at $8 each and a 20% original issue discount.
1. Preferred stock placements
Boxlight signed a private placement for 106,250 Series E convertible preferred shares for $850,000 at $8 each. Separately, the company priced an unregistered Series D convertible preferred stock placement with a $9.38 million stated value for $7.5 million; proceeds are payable in two tranches.
