Thursday, September 28, 2023

Boxlight Set to Rejoin Russel Microcap® Index

By ET Bureau - June 21, 2021 2 Mins Read

Boxlight Set to Rejoin Russel Microcap Index-

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology, digital signage, and software solutions, today announced that it is set to rejoin the Russel Microcap® Index at the closing of the Russell U.S. Indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021 according to a preliminary list of additions posted on June 4 , 2021.

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

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“We are extremely pleased to have been added to the Russell Microcap® Index once again and benefit from increased investor awareness,“ said Michael Pope, CEO at Boxlight. “We have made substantial progress over the last year as a company, which is reflected in both our improved financial position and increased market valuation.

We continue to push forward, committed to capitalize on our expanding market and award-winning solutions to drive double-digit revenue growth, and to emerge as the leader in our market globally.”

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Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for future index funds as the benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell U.S. Indexes, part of FTSE Russell a leading global index provider.

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