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.
The listing on Nasdaq represents a significant milestone for the company, which was founded in 2017 with the goal of transforming the housing market through innovative building systems. BOXABL’s approach aims to deliver affordable, high-quality homes at unprecedented speed, addressing housing challenges for individuals and communities worldwide. The company’s flagship product, the Casita, is a 361 square foot studio unit that unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. The Baby Box, a smaller 120 square foot unit built to RV code, is 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.
This listing could have implications for the housing industry, as BOXABL’s factory-built homes offer a potential solution to the ongoing housing affordability crisis. By raising significant capital from a large investor base, the company is positioned to scale production and accelerate deployment of its modular units. The ability to erect a fully functional home in under an hour could dramatically reduce construction timelines and labor costs, making homeownership more accessible.
For investors, the public listing provides an opportunity to participate in a company targeting the massive housing market with a disruptive manufacturing approach. However, as with any emerging technology, there are risks. The company’s forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, involve risks, uncertainties, and other factors that may cause actual results to differ materially. These include factors beyond management's control, as detailed in the company’s SEC filings.
To view the full press release, visit https://ibn.fm/bLDP9. The latest news and updates relating to BXBL are available in the company’s newsroom at https://ibn.fm/BXBL.
