Boxlight Announces Closing of $10.0 Million Secondary Offering
June 12 2020 - 9:00AM
Business Wire
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight” or the
“Company”), a leading provider of interactive technology solutions
for the global education market, today announced the closing of an
underwritten secondary public offering of 13,333,333 shares of its
Class A common stock at a price to the public of $0.75 per share.
Gross proceeds, before underwriting discounts and commissions and
estimated offering expenses, were approximately $10.0 million.
Maxim Group LLC acted as sole book-running manager and National
Securities Corporation acted as a co-manager for the offering.
Boxlight granted the underwriters a 45-day option to purchase up to
an additional 2,000,000 shares of Class A common stock at the
public offering price less discounts and commissions.
The offering was conducted pursuant to the Company's
registration statement on Form S-1 (File No. 333-238634) previously
filed with and subsequently declared effective by the Securities
and Exchange Commission ("SEC"). Electronic copies of the final
prospectus relating to this offering may be obtained from Maxim
Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at
(212) 895-3745.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such state or other jurisdiction.
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) is a leading provider of
technology solutions for the global learning market. The company
aims to improve learning and engagement in classrooms and to help
educators enhance student outcomes by developing the products they
need. The Company develops, sells, and services its integrated,
interactive solution suite including software, classroom
technologies, professional development and support services. For
more information about the Boxlight story, visit
http://www.boxlight.com.
Forward Looking Statements
This press release may contain information about Boxlight's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements because of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
maintain and grow its business, variability of operating results,
its development and introduction of new products and services,
marketing and other business development initiatives and
competition in the industry. Boxlight encourages you to review
other factors that may affect its future results in its filings
with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20200612005059/en/
Media Sunshine Nance +1 360-464-2119 x254
sunshine.nance@boxlight.com
Investor Relations Michael Pope +1 360-464-4478
michael.pope@boxlight.com
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