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 provides BOXABL with access to public capital markets, which could accelerate its production scaling and market expansion. The company’s innovative approach addresses the growing need for affordable housing solutions, particularly in regions facing housing shortages. By manufacturing homes in a factory setting, BOXABL aims to reduce construction time and costs compared to traditional building methods.
For more information, visit the full press release 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.
BOXABL was founded in 2017 and is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Its flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. The Casita 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.
This news matters because BOXABL’s entry into the public market could bring increased attention and investment to the modular housing sector, which has the potential to disrupt traditional construction and address housing affordability challenges. Investors and homebuyers alike will be watching how the company scales its production and delivers on its promise of fast, affordable homes.
