Boxlight Corporation, a Nevada-based company, has entered into a new Inventory Finance Agreement with J.J. ASTOR & CO., a Utah corporation, as of May 27, 2025. This agreement allows Boxlight to finance up to 80% of the purchase of certain finished goods inventory, with a maximum outstanding amount of $6 million. The term of the agreement is set for one year, requiring Boxlight to repay each advance within 90 days at a rate of $1.0535 per $0.80 advanced by J.J. ASTOR. Should Boxlight fail to meet its payment obligations, the outstanding balance will automatically increase by 10% and accrue interest at a rate of 19% per annum, compounded daily. This partnership marks a significant step in Boxlight's financial strategy, leveraging its relationship with J.J. ASTOR, managed by its former CEO, Michael Pope.
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