BOXABL (NASDAQ: BXBL) announced the expansion of its board of directors with the appointment of Timothy Goldsmith, CPA, effective Sept. 24, 2026. Goldsmith will chair the Audit Committee and serve on the Nominating and Corporate Governance Committee. Dr. Morris A. Davis, the former Audit Committee chair, will remain a committee member. The appointment follows the recent additions of Larry King as chief financial officer and Heather Clayton as chief accounting officer as the company builds out its financial leadership and governance infrastructure following its transition to a public company.
Goldsmith spent nearly 21 years at EY, most recently serving as an audit partner from 2018 to 2026. His experience includes public and private company audits, U.S. GAAP, IFRS, SEC and PCAOB standards, and Sarbanes-Oxley compliance. This deep expertise is expected to be instrumental as BOXABL navigates the regulatory and reporting requirements of a publicly traded company. The company became public through a business combination with FG Merger II Corp., a special purpose acquisition company, completed in July 2026, with shares trading on the Nasdaq under the symbol BXBL since July 20, 2026.
The appointment matters because newly public companies often face heightened scrutiny regarding financial oversight and internal controls. Goldsmith's background in audit and compliance should bolster BOXABL's governance framework, potentially enhancing investor confidence. For readers, this signals a commitment to robust financial management, which could impact the company's ability to execute its business model and pursue growth initiatives. BOXABL, founded in 2017, has raised over $230 million from more than 50,000 investors and is focused on transforming the housing industry through innovative technology and design, with a mission of making housing affordable at mass-production scale. Its flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom, and utilities that unfold on-site in under an hour. The company is also developing stackable and connectable modules.
As a public entity, BOXABL may be subject to risks including share price volatility, dilution, limited operating history as a public company, and redemption-related capital reductions. In July 2026, the company filed a universal mixed shelf registration statement permitting it to offer up to $500,000,000 of securities over time; any such issuance would be dilutive to existing holders. Readers should review the company's filings with the U.S. Securities and Exchange Commission at www.sec.gov, including its periodic reports, in full. For the full press release, visit https://ibn.fm/bdjG7. The latest news and updates relating to BXBL are available in the company's newsroom at https://ibn.fm/BXBL. This publication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including projections of market opportunity and market share, estimates of customer adoption, projections of development and commercialization costs and timelines, expectations regarding the company's ability to execute its business model, the deployment of the Casita, the development and potential production of the Baby Box and of stackable and connectable modules, the pursuit of additional state regulatory approvals, expectations concerning relationships with customers, developers, strategic partners, suppliers, governments and regulatory bodies, and the potential for future projects. Such statements are generally identified by words such as "plan", "project", "will", "estimate", "intend", "expect", "believe", "target", "continue", "could", "may", "might", "possible", "potential" or "predict". Readers are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual circumstances, events, or results to differ materially. Full disclaimers are available at https://IBN.fm/Disclaimer and https://IBN.ai/Disclaimer.
