Party Series E Preferred, Amends Series D Terms – Minichart
Boxlight Corporation (BOXL) sold 106,250 shares of Series E Convertible Preferred Stock to J.J. Astor & Co., affiliated with Chairman Michael Pope, for $850,000. The shares have a $10.00 stated value and a 20% discount. Conversion terms may dilute common stock. Proceeds will be used for general corporate purposes. Series D terms were also amended, limiting liquidation preference and adding protective provisions. The transaction was approved by disinterested directors.

