Boxlight Corporation is currently facing regulatory challenges following the resignation of two of its directors. The company announced that it is not in compliance with Nasdaq Rule 5605(c)(2)$(A)$ due to the departure of R. Wayne Jackson, which has left its audit committee short of the required three members, including one with financial expertise. Additionally, Jackson's resignation, along with the recent departure of Charles P. Amos, has resulted in the company failing to meet Nasdaq Rule 5605(b)(1), which mandates that a majority of the board be independent directors. Boxlight has until November 19, 2025, to address these compliance issues by appointing qualified directors. The company is actively seeking candidates to fill these roles to meet Nasdaq's listing requirements.
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