BOXABL Inc. Targets Factory-Built Housing Scale as SPAC Merger Progresses

BOXABL Inc., a technology construction company based in Las Vegas, is pursuing a strategy to scale factory-built housing as its proposed merger with FG Merger II Corp. advances. The combined entity is expected to trade on Nasdaq under the ticker BXBL. The company has already produced more than 800 housing units from its Las Vegas manufacturing facility and targets multiple residential and commercial market segments, including single-family homes, multifamily housing, workforce accommodations, and hospitality projects.

To support its expansion, BOXABL has appointed technology executive Shan Palaniappan as chief technology officer. Palaniappan will lead efforts to expand automation, software, and AI capabilities across the company's operations. This move aligns with BOXABL's mission to apply manufacturing principles more commonly associated with the automotive and consumer electronics industries to residential construction, which has traditionally been fragmented and less standardized.

BOXABL's modular system is designed for scalable deployment. Its foldable residential units can be transported on standard trailers and quickly assembled on-site. The company's broader objective is to shift homebuilding away from fragmented, on-site construction toward a factory-based platform. Management sees long-term opportunity in combining home production with recurring service revenues tied to financing, insurance, and maintenance.

The company states its goal is to solve the global affordable housing crisis by increasing efficiency and reducing costs through industrialized construction. As the SPAC merger progresses, BOXABL aims to leverage capital markets to accelerate production and deployment of its housing units. Further details on the merger and company strategy can be found in the full terms of use and disclaimers on the InvestorBrandNetwork website at http://IBN.fm/Disclaimer.

Forward-looking statements in this announcement involve risks and uncertainties that could cause actual results to differ materially. These include factors beyond management's control, as detailed in the company's filings with the SEC. The company undertakes no duty to update this information unless required by law.