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 listing marks its transition to a publicly traded company, providing access to public capital markets to accelerate its mission of modernizing home construction.
BOXABL said it has raised more than $230 million from over 50,000 investors to support its mission of delivering 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 built to RV code for simpler, no-foundation setups. The company is also developing stackable and connectable modular units designed for larger residential applications, including townhomes and multifamily housing.
The business combination and Nasdaq listing represent a significant milestone for BOXABL, which was founded in 2017. The company's innovative approach to modular building systems aims to address housing challenges by producing high-quality homes at unprecedented speed. As a public company, BOXABL will be subject to additional regulatory requirements and reporting obligations, which may increase transparency and accountability to shareholders.
For more details, the full press release is available at https://ibn.fm/bLDP9. The company's newsroom provides latest updates at https://ibn.fm/BXBL.
Forward-looking statements in this article involve risks and uncertainties. Actual results may differ materially from those projected. Factors that could cause such differences are discussed in the company's SEC filings, including the "Risk Factors" section of its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Undue reliance should not be placed on forward-looking statements, which are based on information available as of the date hereof. The company undertakes no duty to update this information unless required by law.
