Boxlight Corporation announced a 1-for-6 reverse stock split of its Class A common stock.
The reverse stock split is intended to increase the closing bid price of the company's Class A common stock above $1.00 per share.
The split aims to enable Boxlight to manage compliance with The Nasdaq Capital Market Listing Rule 5550(a)(2).
Reverse Stock Split
Boxlight approved a 1-for-6 reverse stock split to increase the bid price of Class A common stock above $1.00 per share.
Effective Date
The Reverse Stock Split will be effective on December 22, 2025, with trading on a split-adjusted basis starting on December 23, 2025.
CUSIP Number Change
Following the split, the new CUSIP number for Class A Common Stock will be 103197406.
- The Reverse Stock Split will reclassify every six shares of Class A common stock into one new share.
- Adjustments will be made to outstanding equity awards, equity incentive plans, warrants, and convertible preferred stock following the split.
Boxlight's decision to implement a reverse stock split reflects its strategy to meet Nasdaq's listing requirements and increase shareholder value.