Boxlight Receives Additional $750,000 Investment From The Lind Partners
Summary
"We are fortunate to have a supportive investment partner during this critical stage as a company," said Chief Executive Officer of Boxlight, Harold Bevis. "Proceeds from The Lind Partners investment will increase our working capital and allow us to execute our strategy of revenue growth and improved earnings. " The Investment is in the form of a $825,000 convertible note with a 24-month maturity, 8% APR and a fixed conversion price of $2.50 per share of Boxlight’s Class A voting common stock. Boxlight 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.