UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported):
(Exact name of registrant as specified in its charter)
Commission file number
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(State of Incorporation) |
| (Primary Standard Industrial Classification Code Number.) |
| (IRS Employer Identification No.) |
(Address Of Principal Executive Offices) (Zip Code)
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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| Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
As previously disclosed, on July 6, 2022, Boxlight Corporation, a Nevada corporation (the "Company"), received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company's Class A common stock (the "Common Stock") was trading below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Requirement"). The notification from Nasdaq had no immediate effect on the Company's Nasdaq listing and the Company's Common Stock will continue to trade on Nasdaq under the ticker symbol "BOXL."
In accordance with Nasdaq Rules, the Company has been provided an initial period of 180 calendar days, or until January 2, 2023 (the ("Initial Grace Period"), to regain compliance with the Bid Price Requirement. As the Initial Grace Period will soon conclude, the Company has submitted a request to Nasdaq to obtain an additional 180-day grace period (the "Additional Grace Period") to regain compliance with the Bid Price Requirement. In order for Nasdaq to approve the Additional Grace Period, however, Nasdaq must confirm that the Company meets all other Nasdaq initial listing and continued listing requirements as of January 2, 2023. The Company expects to receive a response from Nasdaq regarding its request for an Additional Grace Period shortly after January 2, 2023, at which time the Company will file an additional Current Report on Form 8-K reporting the determination.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: | December 12, 2022 |
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BOXLIGHT CORPORATION |
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By: | /s/ Michael R. Pope |
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Name: | Michael Pope |
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Title: | Chief Executive Officer |
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Document and Entity Information |
Dec. 12, 2022 |
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| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Dec. 12, 2022 |
| Entity Registrant Name | BOXLIGHT CORPORATION |
| Entity Incorporation, State or Country Code | NV |
| Entity File Number | 001-37564 |
| Entity Tax Identification Number | 46-4116523 |
| Entity Address, Address Line One | BOXLIGHT CORPORATION |
| Entity Address, Adress Line Two | 2075 Premiere Parkway, Ste. 900 |
| Entity Address, City or Town | Duluth, |
| Entity Address State Or Province | GA |
| Entity Address, Postal Zip Code | 30097 |
| City Area Code | 678 |
| Local Phone Number | 367-0809 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock $0.0001 per share |
| Trading Symbol | BOXL |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |
| Entity Central Index Key | 0001624512 |
| Amendment Flag | false |