BOXABL (NASDAQ: BXBL) announced a multiyear purchase agreement with LC Vegas Acquisitions, LLC contemplating the purchase of up to 1,500 BOXABL homes over three years, representing the company largest announced residential purchase arrangement to date. Purchases are expected to occur in phases at approximately 500 homes annually, subject to project schedules, site readiness, regulatory approvals and other conditions. The agreement does not require any purchases to be made and contemplated units may be modified, delayed, reduced or terminated under its terms.
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About BOXABL
BOXABL Inc. (Nasdaq: BXBL) is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. BOXABL’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. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
NOTE TO INVESTORS: The latest news and updates relating to BXBLare available in the company’s newsroom at https://ibn.fm/BXBL
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