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.
“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.”
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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