SCHEDULE
13D
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1
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NAMES
OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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K
Laser Technology Inc.
K Laser International Co., Ltd.1
Everest Display Inc.2
Guang Feng International Ltd.3
AMAGIC Holographics, Inc.
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
[X]
(b) [ ]
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS (See Instructions)
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SC,
WC
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5
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CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
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[ ]
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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K
Laser Technology Inc. - Taiwan
K Laser International Co., Ltd. – British Virgin Islands1
Everest Display Inc. – Taiwan2
Guang Feng International, Ltd. – American Samoa3
AMAGIC Holographics, Inc. - California
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1
On January 3, 2020, all 322,157 shares held by K Laser International Co., Ltd. were sold to AMAGIC Holographics, Inc., a
California based U.S. indirect subsidiary of K Laser Technology, Inc. (“AMAGIC”) (See Item 5(c) below).
2
On June 5, 2020, all 707,979 shares held by Everest Display Inc. (“Everest”) were sold to AMAGIC (See
Item 5(c) below).
3 On
June 10, 2020, all 1,760,729 shares held by Guang Feng International, Ltd. (“Guang Feng”) were sold to AMAGIC (See
Item 5(c) below).
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE
VOTING POWER
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K
Laser Technology Inc. et al. – 5,050,9874
K Laser International Co., Ltd. – 05
Everest Display Inc. – 06
Guang Feng International Ltd. – 07
AMAGIC Holographics, Inc. – 5,050,9878
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8
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SHARED
VOTING POWER
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0
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9
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SOLE
DISPOSITIVE POWER
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K
Laser Technology Inc. et al. – 5,050,987
K Laser International Co., Ltd. –0
Everest Display Inc. – 0
Guang Feng International Ltd. – 0
AMAGIC Holographics, Inc. – 5,050,987
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10
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SHARED
DISPOSITIVE POWER
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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K
Laser Technology Inc. – 5,050,987
K Laser International Co., Ltd – 09
Everest Display Inc. – 0
Guang Feng International Ltd. – 0
AMAGIC Holographics, Inc. – 5,050,987
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
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[ ]
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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15.9%
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14
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TYPE
OF REPORTING PERSON (See Instructions)
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CO
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4
Represents the aggregate of all shares held by K Laser Technology Inc. (“K Laser Technology”) and its subsidiaries
and affiliates. K Laser Technology’s ownership structure is as follows: K Laser Technology Inc. owns 100% of K Laser International
Co., Ltd. K Laser International Co., Ltd. owns 80% of AMAGIC. K Laser Technology Inc. owns 80.41% of Everest. Everest owns 100%
of Guang Feng. K Laser Technology, Inc. is therefore the beneficial owner of all common stock being reported on this Schedule
13D.
5
178,572 shares were acquired on 6/28/2017, 83,585 shares were acquired 11/28/2017 and 60,000 shares were acquired on 1/08/2018.
On January 3, 2020, all 322,157 shares held by K Laser International Co., Ltd. were sold to AMAGIC. (See Item 5(c) below).
6
565,122 shares were acquired on 6/28/2017 and 142,857 shares were acquired on 11/28/2017. All 707,979 shares held by Everest
were sold to AMAGIC on 6/5/2020. (See Item 5(c) below).
7
1,903,586 shares acquired by Guang Feng on 11/30/2017. These shares had initially been registered in error to Everest Display
Inc., which was corrected on 2/6/2019. Guang Feng sold 142,857 shares to AMAGIC on 2/18/2020. On June 10, 2020, Guang Feng sold
all of its remaining 1,760,729 shares to AMAGIC. (See Item 5(c) below).
8
On Jan. 3, 2020, AMAGIC acquired 322,157 shares from K Laser International Co., Ltd. During the period Feb. 11-12, 2020,
AMAGIC disposed of 83,585 of such shares. On Feb. 18, 2020 acquired 142,857 shares from Guang Feng. On Mar. 3, 2020, AMAGIC disposed
of 2,048 of such shares. On Mar. 13, 2020, AMAGIC received 1,333,333 shares in consideration for the cancellation of $2,000,000
in accounts payable due to Everest. On June 5, 2020, AMAGIC acquired 707,979 shares from Everest. On June 10, 2020, AMAGIC acquired
1,760,729 shares from Guang Feng. On June 11, 2020, AMAGIC received 869,565 shares in consideration for the cancellation of $1,00,000
in accounts payable due to Everest (See Item 5(c) below).
9
K Laser International Co., Ltd. disclaims beneficial ownership of all shares owned by its subsidiary AMAGIC.
This
statement is being filed jointly by: (i) K Laser Technology, Inc., a Taiwan corporation (“K Laser Technology”); (ii)
K Laser International Co., Ltd., a British Virgin Islands limited corporation (“K Laser International”); (iii) Everest
Display Inc., a Taiwan corporation (“Everest”); and (iv) Guang Feng International Ltd., an American Samoa corporation
(“Guang Feng”) (v) AMAGIC Holographics, Inc., a California corporation (“AMAGIC” and, together with K
Laser Technology, K Laser International, Everest and Guang Feng, the “Reporting Persons”). The Reporting Persons are
making this joint filing because they comprise a “group” within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and thus are eligible to make a joint filing under Rule 13d-1(k)
under the Exchange Act.
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Item
1.
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Security
and Issuer
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This
Schedule 13D relates to the acquisition of Class A common stock, $0.0001 par value (the “Common Stock”), of Boxlight
Corporation, a Nevada corporation (“Boxlight”). Boxlight’s principal offices are located at 1045 Progress Circle,
Lawrenceville, Georgia 30043.
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Item
2.
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Identity
and Background
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(a)
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This
Schedule 13D is being filed on behalf of K Laser Technology Inc., a Taiwan corporation, K Laser International Co., Ltd., a
British Virgin Islands limited company, Everest Display Inc., a Taiwan corporation, Guang Feng International Ltd., an American
Samoa corporation, and AMAGIC Holographics, Inc., a California corporation.
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(b)
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The
business address of K Laser Technology, K Laser International, Everest and Guang Feng is 1 Li - Hsin 6th Rd., Science-Based
Industrial Park, Hsinchu, Taiwan R.O.C. 300. The business address of AMAGIC is 3123 W. MacArthur Blvd., Santa Ana, CA 92704.
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(c)
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The
principal business of K Laser Technology is to manufacture and warehouse holographic and metalized print substrates.
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The
principal business of K Laser International is as an investment holding company.
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The
principal business of Everest is to manufacture LCD projectors.
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The
principal business of Guang Feng is to be an importer and exporter of various goods.
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The
principal business of AMAGIC is to be an importer of various goods.
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(d)
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During
the last five years, K Laser Technology, K Laser International, Everest, Guang Feng and AMAGIC have not been convicted in
a criminal proceeding.
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(e)
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During
the last five years, K Laser Technology, K Laser International, Everest, Guang Feng and AMAGIC have not been a party to a
civil proceeding of any judicial or administrative body of competent jurisdiction as a result of which they were, and are
presently not, subject to a judgment, decree or final order enjoining future violations at, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with respect to such laws.
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(f)
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K
Laser Technology and Everest are corporations registered in Taiwan. K Laser International is a corporation registered in the
British Virgin Islands and Guang Feng is a corporation registered in American Samoa. AMAGIC is a corporation registered in
the state of California.
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Item
3.
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Source
and Amount of Funds or Other Considerations
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The
common stock acquired by the Reporting Persons were acquired as follows:
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(i)
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178,572
shares were issued to K Laser International as a result of the conversion of $1,000,000 of convertible notes held by the Issuer.
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(ii)
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1,903,586
shares were issued to Guang Feng following the conversion of an equivalent number of shares of the Issuer’s Series C
preferred stock. These shares were initially registered by the Issuer’s transfer agent to Everest Display, Inc. Such
incorrect registration has since been corrected.
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(iii)
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565,122
shares were issued to Everest from the conversion of $3,560,270.10 of Account Payables to Everest by the Issuer.
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(iv)
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83,585
shares were purchased by K Laser International in the Issuer’s initial public offering.
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(v)
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142,857
shares were purchased by Everest but were inadvertently registered to Guang Feng in the Issuer’s IPO. The $1 million
purchase amount was paid by Everest but there was a mistake by the issuer’s transfer agent and the certificate was mistakenly
put in the name of Guang Feng instead of Everest.
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(vi)
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60,000
shares were purchased by K Laser International pursuant to a private placement of the Issuer’s common stock.
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(vii)
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1,333,333
shares were issued to AMAGIC in consideration for the cancellation of $2,000,000 of accounts payables due to Everest Display
Inc. by the Issuer.
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(viii)
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869,565
shares were issued to AMAGIC in consideration for the cancellation of $1,000,000 of accounts payable due to Everest Display
Inc. by the Issuer.
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Item
4.
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Purpose
of Transaction
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The
information contained in Item 3 is incorporated herein by reference.
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Item
5.
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Interest
in Securities of the Issuer
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The
information contained in Item 3 is incorporated herein by reference.
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(a)
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K
Laser Technology owns 100% of K Laser International. K Laser International owns 80% of AMAGIC. K Laser Technology owns 80.41%
of Everest. Everest owns 100% of Guang Feng. Therefore, K Laser Technology can be considered the beneficial owner of an aggregate
4,181,422 shares of Boxlight common stock, or approximately 30.2% of Boxlight’s outstanding shares of common stock.
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The
aggregate percentage of Common Stock reported owned by each person named herein is based upon 31,769,176 Shares of Boxlight
common stock outstanding as of June 25, 2020. As of June 22, 2020, Everest holds 0 shares, or 0.0% of outstanding Boxlight
common stock; Guang Feng owns 0 shares, or 0.0% of outstanding Boxlight common stock; AMAGIC owns 5,050,987 shares, or 15.9%
of outstanding Boxlight common stock. As K Laser Technology is, directly or indirectly, the majority shareholder of each Reporting
Person, K Laser Technology is therefore deemed the beneficial owner of all common stock reported on this Schedule 13D.
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(b)
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K
Laser International, Everest, Guang Feng and AMAGIC each have sole power to vote and dispose of their respective shares of
stock, as described in Item 5(a). K Laser Technology. owns 100% of K Laser International. K Laser International owns 80% of
AMAGIC. K Laser Technology owns 80.41% of Everest. Everest owns 100% of Guang Feng.
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(c)
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No
transactions in the class of securities reported have been affected during the past sixty days by any Reporting Person, aside
from the following (each of which has been reported in Schedule 13D above):
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(i)
on January 3, 2020, K Laser International sold all of its 322,157 shares of BOXL Common Stock to AMAGIC. During the period
of February 11-12, 2020, AMAGIC disposed of 83,585 of such shares of Common Stock.
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(ii)
on February 18, 2020, Guang Feng sold 142,857 shares of BOXL Common Stock to AMAGIC,
and on March 3, 2020, AMAGIC disposed of 2,048 of such shares of Common Stock.
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(iii)
on March 13, 2020, AMAGIC acquired 1,333,333 shares of BOXL Common Stock in exchange
for its affiliate, Everest, forgiving $2,000,000 in debt owed by BOXL to Everest.
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(iv)
on June 5, 2020, Everest sold 707,979 shares of BOXL Common Stock to AMAGIC.
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(v)
on June 10, 2020, Guang Feng sold 1,760,729 shares of BOXL Common Stock to AMAGIC.
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(vi)
on June 22, 2020, AMAGIC acquired 869,565 shares of BOCL Common Stock in exchange for its affiliate,
Everest, forgiving $1,000,000 in debt owed by BOXL to Everest.
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(d)
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Not
applicable.
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(e)
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Not
applicable.
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Item
6.
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Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Other
than as described in Items 3, 4 and 5, to the knowledge of the Reporting Person, there are no contracts, arrangements, understandings
or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to
any securities of Boxlight, including but not limited to transfer or voting of any of its securities, finder’s fees, joint
ventures, loan or opinion agreements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding
of proxies.
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Item
7.
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Material
to Be Filed as Exhibits
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Not
applicable.
Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
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June
29, 2020
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Dated
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/s/
Alex Kuo
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Signature
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Kuo,
Wei-Wu, Chairman, K Laser Technology
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Name/Title
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The
original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If
the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner
of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be
incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his
signature.
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).