BOXABL Inc. (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. (NASDAQ: FGMC) 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.
The listing on Nasdaq provides BOXABL with access to public capital markets, which could accelerate its production and distribution capabilities. The company’s factory-built approach aims to address the U.S. housing shortage by reducing construction time and costs. According to the company, the Casita unit can be manufactured inside its facilities and deployed rapidly, offering a potential solution for affordable housing needs.
Investors can find the latest news and updates relating to BXBL in the company’s newsroom at https://ibn.fm/BXBL. The full press release is available at https://ibn.fm/bLDP9.
Founded in 2017, BOXABL has attracted worldwide attention with its innovative approach to housing. 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 has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation setups. Additionally, the company is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
BOXABL’s transition to a public company underscores the growing investor interest in modular construction technologies. With over $230 million raised from a broad investor base, the company is positioned to scale its operations and potentially disrupt traditional homebuilding. The implications of this announcement extend to the housing industry, as BOXABL’s factory-built homes could offer a faster, more affordable alternative to conventional construction methods.
