BOXABL Expands Technology Leadership as SPAC Merger Progresses
May 18th, 2026 1:05 PM
By: Newsworthy Staff
BOXABL Inc. appoints a new CTO and advances its SPAC merger to scale factory-built housing, targeting multiple market segments with a modular system designed for efficiency.
BOXABL Inc., a technology construction company aiming to address the affordable housing crisis through factory-built homes, has appointed Shan Palaniappan as chief technology officer to enhance its automation, software, and artificial intelligence capabilities. The company is advancing its proposed merger with FG Merger II Corp. (NASDAQ: FGMC), and the combined entity is expected to trade under the ticker Nasdaq: BXBL.
With over 800 housing units already produced at its Las Vegas manufacturing facility, BOXABL is targeting residential and commercial markets including single-family homes, multifamily housing, workforce accommodations, and hospitality projects. The company’s modular system features foldable units that can be transported on standard trailers and assembled on-site, applying manufacturing principles from the automotive and consumer electronics industries to residential construction.
Management sees long-term opportunity in combining home production with recurring service revenues from financing, insurance, and maintenance. This approach aims to shift homebuilding from a fragmented industry to a scalable, technology-driven platform. For more information, visit the company’s website at www.Boxabl.com.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
