Boxlight Announces Pricing of $10.0 Million Underwritten Public Offering
June 08 2020 - 7:15PM
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 pricing of an
underwritten 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, are expected to be approximately $10.0
million.
Maxim Group LLC is acting as sole book-running manager and
National Securities Corporation is acting as a co-manager for the
offering.
Boxlight also has granted to 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 is expected to close on or about June 11, 2020,
subject to customary closing conditions.
The offering is being 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"). A prospectus relating to the
offering will be filed with the SEC and will be available on the
SEC's website at http://www.sec.gov. Electronic copies of the
prospectus relating to this offering, when available, 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 these 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/20200608005776/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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