Boxlight (BOXL) investor relations material

Company overview and business model

• Education technology provider offering interactive displays, campus communications, software, STEM products, accessories, and professional services across education, corporate, and government markets.

• Products have reached more than 70 countries and 1.5 million classrooms and meeting spaces through more than 1,000 reseller partners; most revenue has come from education hardware and software.

• 2026 strategy includes expanding the FrontRow Symphony campus communications and school-safety platform, Symphony Cloud, and Symphonic Series endpoints.

Financial performance and metrics

• As of October 21, 2026, 844,556 common shares were outstanding; common stock closed at $2.85 on Nasdaq on October 21, 2026.

• The August 2026 Series D financing has $7.5M aggregate gross proceeds: $5.5M funded in the first tranche and $2.0M contingent on registration effectiveness and other conditions.

• The Whitehawk term loan is secured by substantially all assets and matures April 1, 2027; amended covenants and prior defaults create continuing compliance and acceleration risks.

• J.J. Astor inventory financing was fully drawn at a $10M facility cap; outstanding balance was ~$2.3M as of October 21, 2026, with unpaid amounts accruing 19% interest, compounded daily.

• Cherry Bekaert's FY2025 audit report and Forvis Mazars' FY2024 audit report each include an explanatory paragraph regarding going-concern uncertainty.

Use of proceeds and capital allocation

• Resales by selling stockholders provide no proceeds; up to $15M gross may be raised through the 36-month Secure Net Capital equity purchase agreement.

• ELOC proceeds are intended for general corporate purposes, working capital, and debt repayment; the Credit Agreement requires net equity proceeds to prepay outstanding indebtedness.

• A 2.0% cash fee is payable to the placement agent on ELOC drawdowns; available resale-registration expenses are estimated at $194,302.06.

• No cash common dividends are anticipated for the foreseeable future; available funds are intended for business growth, term-debt reduction, and Series A preferred dividend obligations.