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/etqcO
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
About MissionIR
MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.
MIR is where breaking news, insightful content and actionable information converge.
For more information, please visit www.MissionIR.com
Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer
MissionIR
Austin, Texas
www.MissionIR.com
512.354.7000 Office
Editor@MissionIR.com
MissionIR is powered by IBN