BOXABL merges with SPAC FGMC to go public on Nasdaq as BXBL, targeting US housing shortage with foldable homes like Casita, raised $200M. The post BOXABL AdvancesBOXABL merges with SPAC FGMC to go public on Nasdaq as BXBL, targeting US housing shortage with foldable homes like Casita, raised $200M. The post BOXABL Advances

BOXABL Advances Toward Public Listing Amid U.S. Housing Shortage

2026/06/01 22:01
2 min read
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BOXABL, a company specializing in factory-built, foldable housing, is moving closer to a public listing after the U.S. Securities and Exchange Commission declared effective its Form S-4 registration statement tied to a proposed business combination with FG Merger II Corp. (NASDAQ: FGMC). The merger, if approved by shareholders and completed, is expected to result in the combined company trading on Nasdaq under the ticker symbol BXBL.

The announcement comes as the United States faces a housing shortage estimated at more than 4 million homes, according to the press release. BOXABL’s innovative approach—manufacturing foldable homes that can be assembled on-site in less than an hour—positions the company at the intersection of housing innovation, advanced manufacturing, and scalable residential development. The company has raised over $200 million from more than 50,000 investors since 2020 and is integrating automation and artificial intelligence into its manufacturing systems to support scalability and production efficiency.

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. The company has also announced the Baby Box, a smaller 120-square-foot unit built to RV code, intended for simpler, no-foundation setups. Additionally, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.

The company’s strategy 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, NVIDIA, Amazon.com, and Honeywell International. 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.

For more information about BOXABL, visit their investor relations page. For details on FG Merger II Corp., visit fgmerger.com. The latest news and updates relating to FGMC are available in the company’s newsroom at https://ibn.fm/FGMC.

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The post BOXABL Advances Toward Public Listing Amid U.S. Housing Shortage appeared first on citybuzz.

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