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 provides BOXABL with access to public capital markets, which could accelerate its production capabilities and market expansion. The company's innovative approach to housing—manufacturing homes in a factory and assembling them quickly on-site—addresses critical housing affordability and supply issues in the United States. With the housing market facing significant shortages, BOXABL's ability to produce homes rapidly and at lower costs could make it a key player in the industry.
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. The company also 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 business combination with FG Merger II Corp. and subsequent listing on Nasdaq represent a significant milestone for BOXABL, which was founded in 2017. The company's innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. For more information, the full press release is available at https://ibn.fm/bLDP9, and the latest news and updates relating to BXBL are available in the company's newsroom at https://ibn.fm/BXBL.
Forward-looking statements in this article involve risks and uncertainties, as detailed in the company's SEC filings, and should not be relied upon for investment decisions.
