Boxlight announces 1-for-5 reverse stock split

Boxlight (BOXL) announced that its board of directors has approved a 1-for-5 reverse stock split of Boxlight’s Class A common stock, par value $0.0001 per share. The reverse stock split is intended to enable the company to regain compliance with the minimum bid price requirement of $1.00 per share of the company’s Class A common stock for continued listing on Nasdaq.