NEW YORK, June 24, 2026, 1:08 PM EDT
- Boxlight shares jumped 66% to $5.91 as of 12:53 p.m. EDT, swinging between $3.43 and $8.32. About 23.0 million shares changed hands.
- Nasdaq was open during its normal trading session at the dateline. June 24 doesn’t appear as a 2026 Nasdaq holiday. Regular hours are 9:30 a.m. to 4:00 p.m. ET.
- Boxlight’s 1-for-6 reverse stock split became effective June 22, with the company filing new proxy documents June 23 for a July 7 vote on whether to increase authorized Class A shares.
Boxlight Corp shares surged Wednesday, with the education tech firm rallying two days after it started trading on Nasdaq on a split-adjusted basis. Boxlight did a 1-for-6 reverse split. The stock was last seen at $5.91, about two-thirds higher than its previous close, after reaching an intraday peak of $8.32.
Boxlight did a reverse split, combining every six Class A shares into one. The move cut outstanding shares and boosted the share price by that ratio. Boxlight said it wants to push the closing bid price over $1.00 to keep in line with Nasdaq’s minimum bid requirement.
Boxlight’s ticker stayed the same and continued as BOXL on the Nasdaq Capital Market. The firm said the new CUSIP is 103197505. Boxlight said it is not giving out fractional shares—if a holder ends up with a fraction, they get one full post-split share.
Boxlight put out a proxy filing on June 23 for its reconvened annual meeting on July 7. Shareholders will vote on Proposal 3, which would bump the authorized Class A common share count up to 55 million. The company also fixed the voting standard, saying the proposal needs a majority of votes cast now, instead of a majority of the total voting power of issued and outstanding Class A shares.
Shareholders are watching the share authorization vote closely as Boxlight runs a tight capital base. At its June 2 meeting, investors signed off on another plan to let the company issue Class A shares or related securities equal to at least 20% of Class A shares outstanding, as part of a private deal or deals under Nasdaq rules.
Boxlight’s Q1 numbers didn’t move much on revenue, coming in at $22.4 million, just 0.1% higher than last year. But the net loss grew – now at $6.5 million versus $3.2 million. Gross margin dropped to 30.9% from 35.9%. At the end of March, Boxlight had $6.9 million in cash, $25.3 million in working capital and $34.1 million in debt after debt costs.
Boxlight chief financial officer Ryan Zeek said in May that “technology refresh cycles” and the move to digital learning are driving longer-term demand. Zeek added that near-term pressure is still in play, as global trade policies affect component costs. The company plans to absorb tariff costs in 2025 instead of raising prices for customers. Boxlight
Boxlight makes interactive displays, audio, software and campus communication tools. Its brands include Clevertouch, FrontRow and Mimio. In the annual filing, the company listed SMART Technologies and Promethean as competitors in displays. Boxlight warned price cuts or tougher competition could hit margins or market share.
But the rally is fragile. Boxlight flagged in its quarterly filing that there is substantial doubt about whether it can stay in business due to its debt, weak liquidity and questions around refinancing. Management said it wants more liquidity from lenders and the capital markets, though added there’s no guarantee it will land financing on good terms or pay back debt on time.
