Boxlight Corp (BOXL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BOXL currently has 4M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 989.13% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 4.0M shares outstanding |
4M | 0 |
| Apr 15, 2026 |
10-K filing | 3.4M shares outstanding |
3.4M | 330K |
| Apr 07, 2026 |
8-K filing: Boxlight Corporation converted $556,200 of outstanding balance into 600,000 shares of common stock at a conversion price of $0.927 per share with J.J. Astor & Co. ($0.56M proceeds) |
2.7M | 1.1M |
| Oct 03, 2025 |
8-K filing: Boxlight Corporation completed an offering of its Class A common stock that raised $4.0 million in gross proceeds and holders of common warrants exercised their warrants at $2.13 per share, providing the Company with another $1.9 million of gross proceeds. ($1.9M proceeds) |
2.7M | 1.1M |
| Oct 03, 2025 |
8-K filing: Boxlight Corporation entered into an agreement with the holders of its Series B and Series C Preferred Stock, converting 1,320,850 shares of Series C Stock into 198,920 shares of Class A Common Stock. |
2.7M | 1.1M |
| Sep 24, 2025 |
8-K filing: Boxlight Corporation issued and sold 1,333,333 shares of Class A common stock at $3.00 per share in a registered direct offering, resulting in gross proceeds of $4.0 million. ($4.0M proceeds) |
2.7M | 1.1M |
| Aug 13, 2025 |
10-Q filing | 2.7M shares outstanding |
2.7M | 1.1M |
| Apr 07, 2025 |
S-3 filing: The filing relates to the offering of 1,323,000 shares of Class A common stock by selling securityholders, including shares issuable upon the exercise of prefunded warrants. |
260K | 3.5M |
| Mar 28, 2025 |
10-K filing | 2.2M shares outstanding |
2.2M | 0 |
| Feb 21, 2025 |
8-K filing: Boxlight Corporation completed a private placement on February 21, 2025, issuing 260,000 shares of Class A Common Stock, pre-funded warrants to purchase up to 1,063,000 shares, and common warrants to purchase up to 1,323,000 shares, for gross proceeds of approximately $2.8 million. ($0.55M proceeds) |
1.8M | 0 |
| Feb 14, 2025 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 9,185,861 → 1,837,172 |
1.8M | 0 |
| Feb 04, 2025 |
S-3/A filing: This S-3/A filing reflects facts or events after the effective date, allows for changes in volume and price within a 20 percent change in the maximum aggregate offering price, and includes material information or changes to the plan of distribution. |
9.2M | 0 |
| Jan 24, 2025 |
S-3 filing: The company may offer and sell up to $50,000,000 in aggregate of Class A common stock, Class B Common, preferred stock, and debt securities from time to time in one or more offerings. |
9.2M | 0 |
| Nov 14, 2024 |
10-Q filing | 9.8M shares outstanding |
9.8M | 0 |
| Aug 13, 2024 |
10-Q filing | 9.8M shares outstanding |
9.8M | 0 |
| May 08, 2024 |
10-Q filing | 9.7M shares outstanding |
9.7M | 0 |
| Mar 14, 2024 |
10-K filing | 9.5M shares outstanding |
9.5M | 0 |
| Nov 08, 2023 |
10-Q filing | 9.5M shares outstanding |
9.5M | 0 |
| Aug 09, 2023 |
10-Q filing | 9.5M shares outstanding |
9.5M | 0 |
| Jun 14, 2023 |
Stock Split
8-K filing: Stock split 1-for-8 | Outstanding: 75,078,661 → 9,384,832 |
9.4M | 0 |
| May 10, 2023 |
10-Q filing | 75.1M shares outstanding |
75M | 0 |
| Mar 17, 2023 |
10-K filing | 69.2M shares outstanding |
69M | 0 |
| Nov 09, 2022 |
10-Q filing | 74.1M shares outstanding |
74M | 0 |
| Aug 11, 2022 |
10-Q filing | 65.8M shares outstanding |
66M | 0 |
| Jul 26, 2022 |
8-K filing: Boxlight Corporation entered into a Securities Purchase Agreement to issue and sell 7,000,000 shares of Class A common stock, pre-funded warrants to purchase 352,940 shares of common stock, and warrants to purchase 7,352,940 shares of common stock at a price of $0.68 per share, closing the offering on July 26, 2022. ($5.0M proceeds) |
65M | 0 |
| May 16, 2022 |
10-Q filing | 65.4M shares outstanding |
65M | 0 |
| May 10, 2022 |
S-3 filing: This S-3 filing relates to the proposed resale of up to 3,434,103 shares of Class A common stock issuable upon exercise of Class A common stock purchase warrants. |
66M | 0 |
| Apr 13, 2022 |
10-K filing | 58.8M shares outstanding |
59M | 0 |
| Jan 05, 2022 |
8-K filing: Boxlight Corporation acquired FrontRow Calypso, LLC for $34.7 million and financed the acquisition with a $68.5 million term loan credit facility, issuing 528,169 shares of Class A common stock and a warrant to purchase 2,043,291 shares to Whitehawk Finance LLC. |
65M | 0 |
| Nov 10, 2021 |
10-Q filing | 64.7M shares outstanding |
65M | 0 |
| Aug 12, 2021 |
10-Q filing | 59.9M shares outstanding |
60M | 0 |
| Jun 16, 2021 |
8-K filing: Boxlight Corporation entered into an amendment to the Redemption Agreement, extending the Completion Date to on or before December 31, 2021, and modifying the redemption payment schedule. Additionally, former Sahara shareholders agreed to convert their shares into 7,630,699 shares of Class A Common Stock at a conversion price of $1.66 per share. |
57M | 0 |
| May 13, 2021 |
10-Q filing | 56.8M shares outstanding |
57M | 0 |
| Mar 31, 2021 |
10-K filing | 11.7M shares outstanding |
12M | 39M |
| Feb 02, 2021 |
8-K filing: Boxlight Corporation entered into an agreement with Everest Display, Inc. and AMAGIC Holographics, Inc. effective January 29, 2021, where Everest Display, Inc. will forgive $1,983,436 in accounts payable in exchange for the Company's issuance of 793,375 shares of Class A common stock to AMAGIC at $2.50 per share. ($1.98M proceeds) |
51M | 0 |
| Nov 16, 2020 |
10-Q filing | 51.2M shares outstanding |
51M | 0 |
| Sep 25, 2020 |
8-K filing: The company acquired Sahara Holdings Limited for cash, Series B convertible preferred stock, and Series C non-voting convertible and redeemable preferred shares, and completed a $20 million secured convertible note financing with Lind Global Asset Management. |
50M | 130K |
| Aug 14, 2020 |
10-Q filing | 50.1M shares outstanding |
50M | 130K |
| Jul 31, 2020 |
8-K filing: Boxlight Corporation completed a public offering of 17,250,000 shares of Class A common stock at $2.00 per share, generating gross proceeds of $34,500,000. ($34.5M proceeds) |
32M | 18M |
| Jul 29, 2020 |
8-K filing: Boxlight Corporation completed a public offering of 15,000,000 shares of Class A common stock at a price of $2.00 per share, with the underwriters having a 45-day option to purchase an additional 2,250,000 shares. ($30.0M proceeds) |
32M | 18M |
| Jul 17, 2020 |
S-3 filing: The company may offer and sell up to $150,000,000 in aggregate of common stock, preferred stock, and/or debt securities from time to time in one or more offerings under this prospectus. |
32M | 18M |
| Jun 24, 2020 |
8-K filing: Boxlight Corporation closed on an overallotment option, selling 1,999,667 shares at $0.75 per share, and issued 869,565 shares to AMAGIC at $1.15 per share in exchange for debt forgiveness. ($2.5M proceeds) |
15M | 0 |
| Jun 12, 2020 |
8-K filing: Boxlight Corporation closed a public offering of 13,333,333 shares of Class A common stock at $0.75 per share, resulting in gross proceeds of $10 million. ($10.0M proceeds) |
15M | 0 |
| Jun 09, 2020 |
8-K filing: Boxlight Corporation entered into an underwriting agreement with Maxim Group, LLC for a public offering of 13,333,333 shares of Class A common stock at $0.75 per share, with an option for the underwriters to purchase up to an additional 2,000,000 shares. ($10.0M proceeds) |
15M | 0 |
| Jun 05, 2020 |
S-1/A filing: This is an S-1/A filing for a firm commitment public offering of Class A common stock with an option for underwriters to purchase additional shares. |
15M | 11M |
| Jun 04, 2020 |
S-1/A filing: This is an S-1/A filing for a firm commitment public offering of Class A common stock with an option for the underwriters to purchase additional shares. |
15M | 12M |
| Jun 03, 2020 |
S-1/A filing: This is an S-1/A filing for a firm commitment public offering of up to 10,752,688 shares of Class A common stock of Boxlight Corporation. |
15M | 12M |
| May 15, 2020 |
10-Q filing | 14.5M shares outstanding |
15M | 0 |
| May 13, 2020 |
10-K filing | 14.5M shares outstanding |
15M | 0 |
| Apr 22, 2020 |
8-K filing: Boxlight Corporation acquired the assets of MyStemKits, Inc. and Stemify Limited purchased 142,857 shares of Boxlight's Class A common stock at $0.70 per share. ($0.1M proceeds) |
N/A | 0 |
| Mar 13, 2020 |
8-K filing: Boxlight Corporation entered into an agreement with Everest Display, Inc. to forgive $2,000,000 in accounts payable in exchange for the Company's issuance of 1,333,333 shares of its common stock to AMAGIC at $1.50 per share. ($2.0M proceeds) |
N/A | 0 |