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BOXL$2.35+5.38%

Boxlight Corp

Sector: Services-Educational ServicesIndustry: Consumer ElectronicsCountry: USExchange: Nasdaq

Mkt Cap$1.98M
Float & O/S
Inst Own

DilutionScan read 36 of Boxlight Corp's SEC filings and found 4 warrant series, 7 convertibles, 1 ATM program, 1 equity line, 2 shelf registrations, 1 S-1 registration and 7 completed offerings on file for BOXL. The latest dilution event on file is an offering on Sep 30, 2026. Analysis updated Nov 3, 2026.

Signal8 Summary

BOXL

Going-concern warning, tight cash runway

Snapshot

Boxlight is a small classroom-technology maker that's been shrinking for years: FY 2025 revenue was $109.2M, down 19.6%, with a $23.8M net loss.

What's Happening Right Now

  • : On Sept 2, 2026, a Nasdaq Hearings Panel decided Boxlight regained compliance with the $2.5M minimum stockholders' equity rule, avoiding delisting but subject to a one-year monitor with no future cure period.
  • : Boxlight's Q2 10-Q disclosed substantial doubt about its ability to continue operating, citing $4.3M cash, negative working capital, and a $32.2M loan due April 2027 it may not be able to repay.
  • : CFO Ryan Zeek resigned effective Aug 17, 2026, with controller-turned-CPA Jennifer Grabow named interim CFO while a permanent replacement is sought.
  • : Q2 2026 revenue fell 16% to $25.9M, but Boxlight swung to a $0.5M net profit and gross margin expanded to 49.8% from 35.0% a year earlier.
  • : On Aug 6, 2026, Boxlight closed the initial tranche of a Series D Convertible Preferred Stock private placement for up to $7.5M, with $5.5M funded upfront.

Raise routes on file: effective shelf + pending S-1 · latest dilution event 34 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Sep 30, 2026 · Offering

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2026

Filed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 4

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2021

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

2025 Common Warrants (February 2025 private placement)

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

2025 Prefunded Warrants (February 2025 private placement)

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 7

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series A Convertible Preferred Stock

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series B Preferred Stock

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series C Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Not yet issued

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2025

Exhausted

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2026

Pending registration

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 2

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 7

What is this?

Proceeds, price, shares and agent with Pro

Registered direct offering

Issued 2025

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

ATM block sale

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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