Boxlight enters $850,000 Series E preferred stock private placement at 20% discount

• Boxlight priced an unregistered private placement of Series D convertible preferred stock with $9.38 million stated value for $7.5 million.
• Deal covers 937,500 shares at $8 each, a 20% original issue discount; proceeds payable in two tranches.
• Separately, Boxlight signed a private placement for 106,250 Series E convertible preferred shares for $850,000 at $8 each.

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