SplitJun 22, 2026, 11:21 AM
Boxlight Announces 1-for-6 Reverse Stock Split for Nasdaq Compliance
AI Summary
Boxlight Corp announced a 1-for-6 reverse stock split of its Class A Common Stock, effective June 22, 2026. The primary goal is to increase the stock's bid price above $1.00 per share to ensure continued compliance with Nasdaq listing rules. As a result, the authorized Class A Common Stock will be reduced, and proportionate adjustments will be made to equity awards and warrants.
Key Highlights
- Board approved a 1-for-6 reverse stock split of Class A Common Stock.
- Reverse stock split became effective on June 22, 2026, at 9:30 a.m. Eastern Time.
- Intended to increase the closing bid price above $1.00 to maintain Nasdaq compliance.
- New CUSIP number for Class A Common Stock is 103197505.
- Fractional shares will be rounded up to the nearest whole share.
- Authorized Class A Common Stock reduced from 4,166,667 to 694,445 shares.
- No stockholder approval was required for the reverse stock split.
Price Impact
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