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 represents a significant milestone for BOXABL, providing access to public capital markets to accelerate its growth. The company's innovative approach to housing aims to address the critical shortage of affordable homes in the United States and globally. By manufacturing homes in a controlled factory environment, BOXABL can reduce construction time and costs while maintaining quality. The Casita, for example, can be deployed in less than an hour on site, drastically reducing the time from production to occupancy compared to traditional construction methods.
According to the company, the proceeds from the business combination and prior fundraising will be used to expand production capacity, develop new products, and scale operations. BOXABL's focus on modular, foldable homes positions it in a growing market segment as housing affordability becomes a pressing issue. The company's products are designed to meet various housing needs, from accessory dwelling units to primary residences and emergency shelters.
For more information about BOXABL and its products, visit the company's newsroom at https://ibn.fm/BXBL. The full press release is available at https://ibn.fm/bLDP9.
BOXABL was founded in 2017 and has attracted worldwide attention for its approach to solving housing challenges. The company's flagship Casita and Baby Box models are already in production, with plans for larger modular units that can be stacked and connected for multifamily and townhome applications. The transition to Nasdaq listing is expected to increase visibility and credibility among investors and customers.
