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 listing marks the company's transition to a publicly traded entity, a significant milestone for the firm that has raised over $230 million from more than 50,000 investors to support its mission of modernizing home construction with affordable, factory-built housing.
BOXABL's product lineup includes the 361-square-foot Casita, which unfolds on-site in under an hour and features a full kitchen, bathroom, and utilities. The company also offers the 120-square-foot Baby Box, built to RV code for simpler, no-foundation setups. Additionally, BOXABL is developing stackable and connectable modular units designed for larger residential applications, including townhomes and multifamily housing. These innovations aim to address housing challenges by providing high-quality homes at unprecedented speed and affordability.
According to the company, the Casita represents a breakthrough in housing construction, as it can be manufactured inside BOXABL's facilities and deployed rapidly. The Baby Box, meanwhile, targets markets requiring smaller, flexible living spaces. The upcoming stackable models are intended for larger-scale developments, potentially transforming how communities approach housing shortages. BOXABL's approach has attracted worldwide attention since its founding in 2017, as it seeks to solve housing challenges for individuals and communities alike.
The business combination with FG Merger II Corp. and the subsequent Nasdaq listing provide BOXABL with access to public capital markets, which could accelerate its production and expansion plans. Investors have shown strong support, with over 50,000 backers contributing to the $230 million raised. This funding has been crucial for the company's research, development, and manufacturing scale-up.
For more information about BOXABL, visit the company's newsroom at https://ibn.fm/BXBL. The full press release detailing the business combination and listing is available at https://ibn.fm/bLDP9.
