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 company said the listing marks its transition to a publicly traded company.
BOXABL said it has raised more than $230 million from over 50,000 investors to support its mission of modernizing home construction with affordable, factory-built housing. Its 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. For more details, see the full press release at https://ibn.fm/bLDP9.
Founded in 2017, BOXABL aims to transform the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. The company’s innovative approach has attracted worldwide attention as it seeks to solve housing challenges for individuals and communities. BOXABL’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 has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation setups. Additionally, 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.
This listing on Nasdaq marks a significant milestone for BOXABL, providing the company with access to public capital markets to accelerate its growth and scale its manufacturing capabilities. The modular housing industry has gained traction as a potential solution to housing affordability and supply shortages, and BOXABL’s ability to produce homes in a factory setting and assemble them quickly on-site could address critical housing needs. The company’s substantial investor base, including over 50,000 individual investors, reflects broad interest in its mission. As a publicly traded entity, BOXABL will be subject to greater scrutiny and reporting requirements, which may enhance transparency and investor confidence. However, forward-looking statements in this article involve risks and uncertainties, as detailed in the company’s filings with the SEC, including those set forth under "Risk Factors" in its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Undue reliance should not be placed on forward-looking statements, and all parties undertake no duty to update this information unless required by law. See full terms of use and disclaimers on the InvestorBrandNetwork website at http://IBN.fm/Disclaimer.
