Boxlight Corporation (Nasdaq: BOXL), a provider of interactive technology solutions for the global education market, entered into an equity purchase agreement with Secure Net Capital LLC providing for the sale of up to $15.0 million of the Company’s Class A common stock.
Under the agreement, Boxlight has the right, but not the obligation, to sell shares of its Class A common stock to Secure Net Capital from time to time over a 36-month period, subject to the terms, conditions and limitations of the equity purchase agreement.
The facility provides Boxlight with additional flexibility to access equity capital over time based on the Company’s financing needs and applicable market conditions.
Lucosky Brookman LLP served as legal counsel to Boxlight Corporation in connection with the $15 million equity line of credit.
