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 and distribution capabilities. The company’s innovative approach to housing aims to address affordability and speed of construction, two critical issues in the housing market. According to the press release, BOXABL’s Casita can be manufactured in its facilities and deployed quickly, potentially offering a solution for both individual homeowners and larger housing projects.
Investors can find the full press release and additional information on the company’s newsroom at https://ibn.fm/BXBL. BOXABL’s forward-looking statements involve risks and uncertainties, as detailed in its filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, available at http://IBN.fm/Disclaimer.
