Boxlight holds special stockholder meeting
BOXL•Boxlight shareholders approved raising authorized Class A shares from 55 million to 500 million, a 6.5 million-share equity plan and authority for a reverse split of up to 1-for-1,000. The board has not decided whether to execute a split and will not proceed with the approved name change to Boxlight Group Corporation.
1. Shareholder approvals
At a November 10 special meeting, shareholders approved Series D and Series E Preferred Stock and equity line issuances, inventory finance agreement conversions into Class A common stock, and issuances below an outstanding lender warrant’s exercise price. They also approved increasing authorized Class A shares from 55 million to 500 million and adopting a 2026 Equity Incentive Plan reserving 6.5 million shares. Shareholders authorized a reverse split at a ratio of up to 1-for-1,000 within three years, but the board has not decided whether to execute one. Although shareholders approved changing the name to Boxlight Group Corporation, the board decided not to proceed.
