Boxlight Corp. shares soared 223.55% to $9.48 on Wednesday afternoon after the education technology company said it had secured fresh funding through two capital-raising agreements. The company completed the initial closing of a private placement of Series D Convertible Preferred Stock, bringing in $5.5 million in gross proceeds toward a total target of up to $7.5 million, and separately set up a 36-month equity line of credit with Secure Net Capital LLC for up to $15 million. Investors appeared to welcome the immediate liquidity injection and the added financial flexibility, with Boxlight saying the proceeds will be used for working capital and debt retirement. The structure of the Series D shares includes a 4.99% beneficial ownership limitation, a feature that may help ease concerns about concentrated near-term dilution. Even after the rally, the stock remained close to its 52-week low of $2.59.