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BOXABL Co-Founder Galiano Tiramani Donates $5 Million in Stock to Catholic Charities USA
Prnewswireยท 2025-10-08 18:40
Core Insights - BOXABL Inc. has made a significant donation of 6,250,000 shares of its stock, valued at approximately $5 million, to Catholic Charities USA, highlighting its commitment to addressing the housing crisis [1][2][3] - The donation aligns with BOXABL's mission to provide affordable and sustainable housing solutions and reflects the personal dedication of Co-Founder and Co-CEO Galiano Tiramani [2][5] - BOXABL is advancing towards a public listing through a merger with FG Merger II Corp., which will create a publicly traded company under the ticker "BXBL" [2][5] Company Overview - BOXABL is focused on revolutionizing the housing industry with factory-built modular homes that emphasize affordability, sustainability, and rapid deployment [5] - The company is valued at $3.5 billion as it approaches its public debut via the SPAC merger [5] - BOXABL's growth strategy includes leveraging patented technology to meet global demand for modular housing solutions [4][5] Donation Details - The donation is a strategic gift intended to enhance the impact of Catholic Charities USA, allowing the organization to benefit from BOXABL's future growth [3][4] - The shares donated are not a sale and do not affect BOXABL's capital structure or merger plans [4] - The donation will be disclosed in upcoming SEC filings, including amendments to the S-4 registration statement [3]