Boxlight Corporation announced a 1-for-6 reverse stock split of its Class A common stock.
The reverse stock split aims to increase the closing bid price of the company's Class A Common Stock above $1.00 per share.
The Reverse Stock Split will be effective from December 22, 2025, and the trading on Nasdaq will start on December 23, 2025, under the symbol 'BOXL'.
Purpose of Reverse Stock Split
To manage compliance with The Nasdaq Capital Market Listing Rule 5550(a)(2) and increase the stock price above $1.00 per share.
Effect on Shares
Every six shares will be reclassified into one new share of Class A Common Stock, reducing the total authorized shares from 25,000,000 to 4,166,667.
Equity Awards Adjustments
Proportionate adjustments will be made to outstanding equity awards and warrants due to the Reverse Stock Split.
- The Reverse Stock Split is expected to impact the trading liquidity and price of Boxlight's Class A Common Stock.
- Shareholders are not required to take any action, and fractional shares will be rounded up to the nearest whole share.
- VStock Transfer, LLC is acting as the exchange agent for the Reverse Stock Split, ensuring a smooth transition for stockholders.
The announced Reverse Stock Split by Boxlight Corporation signifies a strategic move to maintain listing compliance and enhance shareholder value through stock price management.