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 listing marks the company's transition to a publicly traded entity, providing access to public capital markets to support its mission of modernizing home construction with affordable, factory-built housing.
According to the company, it has raised more than $230 million from over 50,000 investors. This capital is intended to scale production of its product lineup, which includes the 361-square-foot Casita—a unit that unfolds on-site in under an hour and features a full kitchen, bathroom, and utilities—as well as the 120-square-foot Baby Box, built to RV code for simpler, no-foundation setups. BOXABL is also developing stackable and connectable modular units designed for larger residential applications, including townhomes and multifamily housing.
The business combination with FG Merger II Corp., a special purpose acquisition company, was completed after receiving stockholder approval. The company's shares now trade on the Nasdaq, a milestone that could enhance visibility and liquidity. BOXABL's innovative approach has attracted worldwide attention since its founding in 2017, aiming to solve housing challenges for individuals and communities.
The announcement comes amid a persistent housing shortage in the United States, where rising construction costs and labor shortages have driven demand for alternative building methods. BOXABL's factory-built homes promise reduced construction time and lower costs compared to traditional site-built homes. The company's flagship Casita, which can be deployed rapidly, targets the growing market for accessory dwelling units, vacation homes, and affordable housing.
Investors should note that forward-looking statements in the announcement involve risks and uncertainties, as detailed in the company's SEC filings. The full press release is available at https://ibn.fm/bLDP9. For the latest news and updates relating to BXBL, visit the company’s newsroom at https://ibn.fm/BXBL.
