BOXABL Advances Toward Public Listing as Factory-Built Housing Gains Attention Amid U.S. Supply Shortage

BOXABL, which has signed a definitive merger agreement with FG Merger II (NASDAQ: FGMC), is positioning itself at the intersection of housing innovation, advanced manufacturing and scalable residential development as the United States continues to face a housing shortage estimated at more than 4 million homes. The company’s factory-built, foldable housing model is designed to reduce construction timelines and improve efficiency, while a recent milestone saw the U.S. Securities and Exchange Commission declare effective the companies’ Form S-4 registration statement tied to their proposed business combination. If approved by shareholders and completed, the combined company is expected to trade on Nasdaq under the ticker symbol BXBL.

BOXABL has raised more than $200 million from over 50,000 investors since 2020 and is integrating automation and artificial intelligence into its manufacturing systems to support scalability and production efficiency. The company’s approach reflects broader industrial trends toward AI-driven manufacturing and advanced automation, joining a group of companies investing heavily in next-generation production technologies, including Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), Amazon.com (NASDAQ: AMZN) and Honeywell International (NASDAQ: HON). As housing affordability challenges persist nationwide, BOXABL is seeking to apply factory-based manufacturing principles to residential construction with the goal of expanding housing supply through standardized, scalable production.

To view the full press release, visit https://ibn.fm/tjmFK. About BOXABL: BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. BOXABL’s 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. BOXABL also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation-setups. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes. For more information, please visit https://www.boxabl.com/ir.

About FG Merger II Corp.: FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. For more information, visit https://fgmerger.com/. Note to investors: The latest news and updates relating to FGMC are available in the company’s newsroom at https://ibn.fm/FGMC.

The implications of this announcement are significant. As the U.S. grapples with a severe housing shortage, factory-built housing offers a potential solution by drastically reducing construction time and costs. BOXABL’s public listing via a SPAC merger provides the company with capital to scale production, potentially making affordable homes more accessible. Moreover, the integration of AI and automation in manufacturing aligns with industry trends, suggesting that BOXABL could become a key player in modernizing residential construction. The success of this venture may influence broader adoption of modular and factory-built homes, addressing both supply constraints and affordability challenges.