Boxlight Corporation has amended and restated its Inventory Finance Agreement with J.J. Astor & Co., increasing its financing capacity. Under the revised terms, Boxlight can now finance up to 80% of the purchase price for certain finished goods inventory, with the aggregate outstanding amount raised to $9 million, a $3 million boost from the original agreement. Each financing advance remains payable within 90 days at a rate of $1.0535 per $0.80 advanced. The agreement now extends through November 3, 2026, unless mutually extended or terminated earlier. Additionally, J.J. Astor & Co. retains the option to convert amounts owed into Boxlight common stock and may require the registration of such shares for public resale.
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