BOXABL Inc. (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. (NASDAQ: FGMC) and stockholder approval. The listing marks the company’s transition to a publicly traded entity, a significant milestone in its mission to modernize home construction.
The company has raised more than $230 million from over 50,000 investors to support its goal 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 setups. BOXABL is also developing stackable and connectable modular units designed for larger residential applications, including townhomes and multifamily housing.
This public listing provides BOXABL with access to capital markets to scale production and address housing affordability challenges. According to the company, the Casita’s rapid deployment and low cost could help alleviate housing shortages in underserved communities. The successful business combination and Nasdaq listing underscore investor confidence in BOXABL’s approach, which has attracted worldwide attention since its founding in 2017.
For more details, the full press release is available at https://ibn.fm/bLDP9. Additional updates on BXBL can be found in the company’s newsroom at https://ibn.fm/BXBL.
