Boxabl starts Nasdaq trading after FG Merger II SPAC deal

Factory-built housing startup Boxabl Inc. began trading on the Nasdaq Stock Market on Monday under the ticker symbol BXBL, following completion of its merger with special purpose acquisition company FG Merger II Corp.

The Las Vegas-based company said in a press announcement that the move to public markets comes after stockholder approval of the business combination with FG Merger II (formerly trading under the symbol FGMC). With the closing of that deal, Boxabl is now officially a publicly traded company.

Boxabl builds modular, factory-produced building components that can be shipped and assembled on-site, part of a broader push to industrialize home construction and address labor shortages and affordability challenges. The company has marketed its systems as a way to lower construction costs and shorten build times compared to traditional site-built homes.

The listing puts another off-site construction player into the public markets at a time when builders and developers are looking for ways to increase throughput amid tight existing-home inventory, elevated mortgage rates and persistent cost pressures. Public status can give modular and prefab firms access to capital that may be needed to scale manufacturing capacity and invest in automation and logistics.

For builders, land developers and build-to-rent operators, Boxabl’s Nasdaq debut is a signal that investor interest in industrialized construction remains strong despite a choppy capital markets environment. Housing professionals watching the space will be focused on how quickly Boxabl can convert public capital into reliable production, unit cost reductions and code-compliant products at scale, all of which will determine whether systems like Boxabl’s can materially move the needle on housing supply.