Core Insights - BOXABL Inc. has received regulatory approval for deployment in South Carolina, marking a significant step in its merger process with FG Merger Corp. [1] - The company has secured a manufacturing and supply contract with Horizons Getaways to deliver 150 Casita units, with plans for expansion into multiple states [1][2] - The U.S. glamping market, valued at $831.5 million, is projected to grow to $1.5 billion by 2030, with BOXABL positioned to capitalize on this growth through its sustainable and rapidly deployable housing solutions [3] Company Developments - BOXABL's flagship product, the Casita, is a 361-square-foot modular home designed for quick assembly and energy efficiency, aligning with the luxury outdoor experience offered by Horizons Getaways [2] - The partnership will feature luxurious amenities such as spas and clubhouses, enhancing the appeal of the Casitas in scenic locations [2] - The company is advancing through the S-4 registration process for its merger with FG Merger Corp., which is expected to strengthen its market position [3] Market Context - The glamping industry is primarily driven by millennials and Gen Z, who represent over 50% of bookings, indicating a shift towards wellness-focused travel experiences [3] - BOXABL's innovative design reduces construction waste by 90% and installation time significantly, addressing key challenges in the high-margin glamping sector [3]
BOXABL Gains South Carolina Approval, Secures Horizons Getaways Contract for Multi-State Eco-Luxury Cabin Resorts Expansion