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BOXABL Gains South Carolina Approval, Secures Horizons Getaways Contract for Multi-State Eco-Luxury Cabin Resorts Expansion
Prnewswire· 2025-09-26 18:08
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 and FG Merger II Corp. Announce Public Filing of Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus in Connection with Proposed Merger
Prnewswire· 2025-09-18 20:30
Core Viewpoint - Boxabl Inc. is moving forward with its merger with FG Merger II Corp, aiming to become a publicly traded company, which is expected to enhance its market growth and value creation for customers and investors [4][7]. Company Overview - Boxabl is focused on innovative housing solutions, particularly through modular building systems that provide affordable and high-quality homes quickly [5]. - The flagship product, Casita, is a 361 square foot studio unit that can be set up in less than an hour [5]. - Boxabl is also developing smaller units like the Baby Box and plans for stackable models to create larger living spaces [5]. Merger Details - The merger values Boxabl at approximately $3.5 billion, with FG Merger II Corp. expected to issue 350 million shares to Boxabl stockholders [7][8]. - The combined company will trade on Nasdaq under the ticker "BXBL" after the merger [7]. - Completion of the merger is contingent upon SEC approval and stockholder votes from both companies [3][10]. Strategic Leadership - Boxabl's founders, Paolo and Galiano Tiramani, will continue to lead the combined entity post-merger [4]. - The leadership emphasizes that going public will facilitate the acceleration of their mission to deliver affordable housing solutions [4]. Regulatory Process - A registration statement on Form S-4 has been filed with the SEC, which includes a preliminary joint proxy statement and prospectus for stockholders [10]. - Stockholders are encouraged to review the registration statement for detailed information regarding the merger [3][10].