BOXABL, which has signed a definitive merger agreement with FG Merger II (NASDAQ: FGMC), is positioning itself at the intersection of housing innovation, advanced manufacturing and scalable residential development as the United States continues to face a housing shortage estimated at more than 4 million homes. The company’s factory-built, foldable housing model is designed to reduce construction timelines and improve efficiency, while a recent milestone saw the U.S. Securities and Exchange Commission declare 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, joining 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.
To view the full press release, visit https://ibn.fm/PnkkE
About BOXABL
BOXABL 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.
For more information, please visit https://www.boxabl.com/ir
About FG Merger II Corp.
FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
For more information, visit https://fgmerger.com/
NOTE TO INVESTORS: The latest news and updates relating to FGMC are available in the company’s newsroom at https://ibn.fm/FGMC
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