Boxlight Corp. (NASDAQ:BOXL) rose 23.85% in after-hours trading on Wednesday to $1.61, after a Securities and Exchange Commission filing disclosed that MD Ehsan Khan had acquired a 24.3% stake in the company’s Class A common stock.
Single Investor Deploys $600K in Personal Savings
According to the SEC filing, Khan, a business technology consultant at Illinois-based ZS Associates Inc., purchased 231,000 shares on Jan. 21 via the Robinhood (NASDAQ:HOOD) brokerage app, funded entirely by personal savings totaling $600,600.
He holds sole voting and dispositive power over all 231,000 shares.
The filing, signed on Wednesday, identifies Khan as a citizen of Nepal.
Hedge Fund Reports Zero Holdings
In a separate filing on Tuesday, Anson Funds Management LP, a Texas-based investment adviser, reported zero shares beneficially owned and 0% of the class in BOXL’s Class A common stock as of Dec. 31, 2025.
Anson Funds, led by Moez Kassam, is an alternative asset management firm operating as a hedge fund.
Trading Metrics, Technical Analysis
Boxlight has a Relative Strength Index (RSI) of 39.14.
The market capitalization of the company stands at $1.24 million, with its shares reaching a 52-week high of $60.90 and a low of $1.19.
BOXL has fallen 89.17% over the past 12 months.
Currently, the stock is positioned extremely close to its annual low.
BOXL’s long-term downtrend and weak positioning indicate that any potential recovery would require clear confirmation before investors consider taking significant action.
Price Action: On Wednesday, Boxl closed at $1.30, up 3.17%, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate that BOXL has a negative price trend across all time frames.
Photo Courtesy: m.mphoto on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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