Boxlight Receives $4 Million Investment from The Lind Partners

"This investment will improve our net current asset position, allow us to increase our inventory levels in the U.S. and Europe, and provide the capital needed to complete the market launch of several new products including our MyBot coding and robotics solution. "We are impressed with the depth of the Boxlight leadership team and their innovative, comprehensive product suite for the education market," said Phillip Valliere, Managing Director at The Lind Partners. The Investment is in the form of a $4,400,000 convertible note with a 24-month maturity and a fixed conversion price of $4.00 per share of Company Class A voting common stock. The company aims to improve learning and engagement in classrooms and to help educators enhance student outcomes, by developing the products they need. Founded in 2011, Lind has completed over 70 direct investments for more than $850 million in total value and has an established reputation as a flexible and supportive capital partner to investee companies.