Boxlight Receives $1.0 Million Loan Under the Paycheck Protection Act
Boxlight Corporation - Class A (BOXL)
Last boxlight corporation - class a earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
globenewswire.com/news-release/2017/11/28/1207174/0/en/boxlight-corporation-announces-closing-of-initial-public-offering-of-1-000-000-shares-of-class-a-common-stock-at-7-00-per-share.html
Company Research
Source: Business Wire
LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology solutions for the global education market, today announced it has received loan proceeds of $1,008,575 (“PPP Loan”) under the Paycheck Protection Program (“PPP”). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times the average monthly payroll expenses of the qualifying business, calculated as provided under the PPP. The PPP provides a mechanism for forgiveness of up to the full amount borrowed after eight weeks as long as the borrower uses the loan proceeds during the eight-week period after the loan origination for eligible purposes, including payroll costs, certain benefits costs, rent and utilities costs or other permitted purposes, subject to certain other requirements and limitations.The PPP Loan is evidenced by a promissory note (the “Note
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News
- Boxlight Co. (NASDAQ: BOXL) had its price target lowered by analysts at Alliance Global Partners from $4.50 to $2.50. They now have a "buy" rating on the stock.MarketBeat
- Boxlight Co. (NASDAQ: BOXL) had its price target lowered by analysts at HC Wainwright from $3.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Boxlight Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Boxlight Reports Fourth Quarter and Full Year 2023 Financial ResultsBusiness Wire
- Boxlight to Hold Fourth Quarter and Full Year 2023 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
BOXL
Earnings
- 3/13/24 - Miss
BOXL
Sec Filings
- 3/29/24 - Form 4
- 3/14/24 - Form 10-K
- 3/13/24 - Form 8-K
- BOXL's page on the SEC website