LOS ANGELES, CA — BOXABL (NASDAQ: BXBL), a technology company focused on modular housing, began trading today on the Nasdaq Stock Market under the ticker symbol “BXBL” following the completion of its previously announced business combination with FG Merger II Corp. and stockholder approval. The listing marks its transition to a publicly traded company, providing access to capital markets to scale its innovative approach to home construction.
BOXABL has raised more than $230 million from over 50,000 investors to support its mission of modernizing home construction with affordable, factory-built housing. The company’s product lineup includes the 361-square-foot Casita, which unfolds on-site in under an hour and features a full kitchen, bathroom and utilities, as well as the 120-square-foot Baby Box. The company is also developing stackable and connectable modular units designed for larger residential applications, including townhomes and multifamily housing.
The move to Nasdaq is significant for the housing industry, which faces persistent affordability challenges. BOXABL’s factory-built, rapidly deployable homes could offer a scalable solution to address housing shortages, particularly in high-cost urban areas and disaster-stricken regions. By leveraging manufacturing efficiencies, the company aims to reduce construction time and costs compared to traditional building methods.
For leaders in business and technology, BOXABL’s public listing signals growing investor confidence in modular construction as a viable sector. The company’s ability to attract over 50,000 investors and $230 million underscores market appetite for innovation in housing. However, forward-looking statements in the company’s filings highlight risks, including those detailed under “Risk Factors” in its SEC reports, which caution that actual results may differ materially from projections.
The company’s flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. It unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. BOXABL also announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation setups. For larger applications, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
The latest news and updates relating to BXBL are available in the company’s newsroom at https://ibn.fm/BXBL. Forward-looking statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed. These risks are discussed under the heading “Risk Factors” in the company’s most recent Annual Report on Form 10-K or any updates in its Quarterly Reports on Form 10-Q and other SEC filings.
