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Factory-built housing maker BOXABL begins public life on Nasdaq at $3.5 billion valuation

7/17/2026

A Las Vegas company that manufactures factory-built housing completed a business combination on July 17, 2026, giving it a public listing and a negotiated valuation of $3.5 billion.

A business combination, in this context, is a merger between a private operating company and an already-listed corporate shell; the private firm absorbs the shell's exchange listing rather than filing for a traditional initial public offering.

executed that transaction with FG Merger II Corp., and shares are scheduled to begin trading on the Nasdaq Stock Market under the ticker BXBL on July 20, 2026. What the merger structure transferred FG Merger II Corp.

was the listed vehicle; BOXABL Inc. was the private company seeking a public home. Stockholders of FG Merger II Corp.