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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。