BOXABL Begins Trading on Nasdaq After Business Combination

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 listing on Nasdaq provides BOXABL with access to public capital markets, which could accelerate its production capacity and market reach. As the U.S. faces a persistent housing shortage, especially for affordable units, BOXABL’s approach of manufacturing homes in factories and assembling them quickly on-site offers a potential solution. The Casita, priced competitively, aims to serve as an accessory dwelling unit, vacation home, or primary residence. The Baby Box, built to RV code, targets simpler, no-foundation setups.

BOXABL’s business combination and public listing come at a time when investors are increasingly interested in technology-driven housing solutions. The company’s ability to raise $230 million from a large investor base signals strong retail and institutional interest in its vision. However, the company faces risks common to manufacturing and construction startups, including production scale-up challenges and regulatory hurdles. As detailed in its SEC filings, factors such as supply chain disruptions and changes in zoning laws could impact its growth.

For more details on the business combination, the full press release is available at https://ibn.fm/bLDP9. Forward-looking statements in this article are subject to risks outlined in the company’s filings with the SEC, including those discussed under “Risk Factors” in its Annual Report on Form 10-K and subsequent reports. Investors are advised to review these documents for a comprehensive understanding of potential risks.