Home / Business and Economy / Boxabl Goes Public: Modular Housing Soars on Nasdaq
Boxabl Goes Public: Modular Housing Soars on Nasdaq
22 Jul
Summary
- Boxabl Inc. shares climbed 20% in their Nasdaq debut.
- The company secured over $230 million from 50,000 investors.
- Boxabl's signature Casita is a 361-square-foot unfoldable studio home.
Boxabl Inc. began trading on the Nasdaq Stock Market on Monday, with its shares experiencing a significant 20% surge during its initial session. This marks the company's transition from private to public following its business combination with FG Merger II Corp. The company will now be known by the ticker symbol "BXBL."
This public debut was bolstered by substantial investor confidence, with Boxabl announcing it has raised over $230 million from more than 50,000 investors. This capital infusion is earmarked for expanding its innovative modular housing operations.
Boxabl is recognized for its signature 361-square-foot "Casita," a factory-built studio dwelling designed for rapid deployment. The company also produces the smaller "Baby Box" and is developing scalable modular designs for larger residential projects, presenting its technology as a solution to housing shortages and high construction costs.
