Overview
- Boxabl began trading on the Nasdaq under the symbol BXBL after completing a business combination with FG Merger II, with the listing effective at market open on Monday.
- The company reported manufacturing 806 Casita units and delivering 318 across 10 states with 271 units under contract as of mid‑May, reflecting early production scale but limited deliveries.
- Boxabl says it raised more than $230 million from over 50,000 investors before the listing and that the transaction values the company at $3.5 billion.
- SEC filings show the company has run losses since inception, posted net losses of roughly $50.9 million in 2024 and $57.5 million in 2025, and warned that it will need additional liquidity to operate over the next 12 months.
- Market reception was mixed on the first trading day, with some trackers showing a morning gain and others reporting a lower opening price, and investors will watch whether public funding translates into steadier production, lower unit costs, and more deliveries.