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BOXABL Goes Public in $3.5 Billion Merger

Modular housing startup BOXABL Inc. has officially entered the public markets following the completion of its merger with special purpose acquisition company FG Merger II Corp. The deal, which values the combined entity at $3.5 billion, marks a significant transition for the Las Vegas-based company as it seeks to scale industrial production.

BOXABL Goes Public in $3.5 Billion Merger

Starting July 20, 2026, the company will trade on the Nasdaq Stock Market under the ticker symbol BXBL. The merger, finalized after receiving stockholder approval on June 9, resulted in the issuance of 350 million shares to existing BOXABL stockholders. Founders Paolo and Galiano Tiramani remain at the helm, moving forward with a strategy to expand the reach of their flagship product, the 361-square-foot Casita, and develop larger, stackable residential units.

This transition provides the company with access to public capital, a necessity as it attempts to disrupt traditional construction methods. Having already secured over $230 million from a base of 50,000 investors, the business now faces the challenge of translating its factory-built housing model into sustained market scale. The Tiramani brothers cite the current housing market's structural failures as the primary driver for their expansion, positioning their automated, rapid-assembly homes as a solution to chronic affordability issues.

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