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An announcement from Boxlight ( (BOXL) ) is now available.
Boxlight Corporation’s Board of Directors has approved a 1-for-5 reverse stock split of its Class A common stock, effective February 14, 2025, to regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share. The reverse stock split aims to prevent delisting from Nasdaq, as the company’s stock must trade at or above $1.00 for 10 consecutive days by February 24, 2025. The split will adjust the number of authorized shares from 18,750,000 to 3,750,000, with no change in the par value per share, while proportionate adjustments will be made to equity awards and warrants.
More about Boxlight
Boxlight Corporation, listed on Nasdaq as BOXL, is a leading provider of interactive technology solutions. The company offers a suite of integrated solutions including interactive displays, collaboration software, audio solutions, and professional services under its brands Clevertouch®, FrontRow™, and Mimio®. Boxlight focuses on enhancing engagement and communication in business and education environments.
YTD Price Performance: 39.00%
Average Trading Volume: 4,365,652
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.48M
Find detailed analytics on BOXL stock on TipRanks’ Stock Analysis page.
