Shares of Boxlight Corporation (NASDAQ:BOXL) tumbled 34.6% on Tuesday following the company’s announcement of a registered direct offering of common stock, a move that will dilute current shareholders.
The educational technology firm plans to sell 1,333,333 shares at $3.00 each to selected institutional investors, aiming to raise roughly $4 million in gross proceeds before accounting for placement agent fees and other transaction costs. The offering is priced at market value according to Nasdaq rules.
Boxlight intends to deploy the net proceeds from the sale toward working capital and reducing debt in line with agreements with its senior lender. The sharp drop in the company’s stock price reflects investor apprehension about dilution from the new issuance.
The offering is expected to close on or around September 24, 2025, subject to customary closing conditions. This capital raise is part of Boxlight’s broader effort to manage liquidity and address debt obligations.
While Boxlight Corporation markets itself as a global leader in educational technology, the steep decline in shares signals investor unease over the financing terms and the impact on existing shareholders’ stakes.
Boxlight Corporation stock price
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