BOXABL, a company specializing in factory-built, foldable housing, is advancing toward a public listing through a definitive merger agreement with FG Merger II (NASDAQ: FGMC). The move comes as the United States faces a housing shortage estimated at more than 4 million homes. The U.S. Securities and Exchange Commission has declared effective the companies’ Form S-4 registration statement tied to their proposed business combination. If approved by shareholders and completed, the combined company is expected to trade on Nasdaq under the ticker symbol BXBL.
BOXABL has raised more than $200 million from over 50,000 investors since 2020 and is integrating automation and artificial intelligence into its manufacturing systems to support scalability and production efficiency. The company’s approach reflects broader industrial trends toward AI-driven manufacturing and advanced automation. It joins a group of companies investing heavily in next-generation production technologies, including Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), Amazon.com (NASDAQ: AMZN) and Honeywell International (NASDAQ: HON). As housing affordability challenges persist nationwide, BOXABL is seeking to apply factory-based manufacturing principles to residential construction with the goal of expanding housing supply through standardized, scalable production.
The company’s flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. The Casita unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. BOXABL also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no-foundation setups. Additionally, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
The housing shortage in the U.S. has been a persistent issue, with estimates suggesting a deficit of over 4 million homes. Factory-built housing offers a potential solution by reducing construction timelines and improving efficiency. BOXABL’s modular building systems are designed to deliver affordable, high-quality homes at unprecedented speed. The company’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike.
The merger with FG Merger II Corp., a special purpose acquisition company (SPAC), provides a pathway for BOXABL to access public markets and potentially accelerate its growth. The transaction is subject to shareholder approval and other customary closing conditions. If completed, the combined company is expected to list on Nasdaq, providing liquidity for investors and further capital for expansion.
For more information on BOXABL, visit https://www.boxabl.com/ir. For updates on FG Merger II Corp., visit https://fgmerger.com/.
