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 move to Nasdaq is a significant milestone for BOXABL, which was founded in 2017 and has attracted worldwide attention for its innovative approach to solving housing challenges. By leveraging factory-built construction, BOXABL aims to deliver high-quality homes at unprecedented speed, potentially addressing affordability issues in the housing market. The company’s flagship product, the Casita, can be unfolded on-site in less than an hour, offering a rapid solution for housing needs.
The listing provides BOXABL with access to public capital markets, which could accelerate its development and production of modular units. For the housing industry, this shift toward factory-built homes may represent a disruption in traditional construction methods, offering faster and potentially more cost-effective alternatives. For investors, the public listing offers an opportunity to participate in a company targeting the growing demand for affordable housing solutions.
For more information, the full press release is available at https://ibn.fm/bLDP9. 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 that may cause actual results to differ materially. These risks are detailed in the company’s filings with the SEC, including under “Risk Factors” in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Undue reliance should not be placed on forward-looking statements, and the company undertakes no duty to update them unless required by law.
