Tiny home builder Boxabl, a rising star in the modular housing industry, has announced a groundbreaking merger with FG Merger II Corp., a special purpose acquisition company (SPAC), in a deal valued at $3.5 billion.
This strategic move, revealed in early August 2025, aims to take Boxabl public on the Nasdaq, marking a significant milestone for the Las Vegas-based startup known for its innovative, foldable homes.
Boxabl’s Mission to Revolutionize Affordable Housing
Founded in 2017, Boxabl has captured attention with its mission to address the affordable housing crisis through scalable, cost-effective modular homes that can be assembled in hours.
The company gained widespread recognition when tech mogul Elon Musk reportedly lived in one of their $50,000 Casita models, highlighting the potential for tiny homes to redefine modern living.
Boxabl’s unique design allows homes to be shipped flat-packed and set up on-site, drastically reducing construction time and costs compared to traditional building methods.
A Game-Changing SPAC Merger for Growth
The merger with FG Merger II Corp. is expected to provide Boxabl with the capital needed to scale production and meet the staggering demand, evidenced by a waitlist of over 100,000 potential buyers.
This financial boost comes at a critical time as housing prices continue to soar, with record highs reported in mid-2025, driven by supply shortages and elevated interest rates.
Impact on the Housing Market and Beyond
By going public, Boxabl aims to accelerate its vision of delivering timely housing solutions for both emergency needs, such as disaster relief, and market-driven demands in urban and rural areas.
Industry experts suggest that Boxabl’s success could inspire a wave of innovation in the proptech sector, encouraging other startups to tackle real estate challenges with bold, tech-driven approaches.
However, the company faces hurdles, including logistical challenges in modular construction and the need to maintain quality while scaling, issues that have historically plagued similar ventures.
Looking Ahead: Boxabl’s Future on Nasdaq
As the merger progresses, Boxabl is set to trade under the ticker BXBL upon completion, offering investors a chance to back a company at the forefront of a potential housing revolution.
With over 50,000 individual investors already supporting the startup through crowdfunding efforts, Boxabl’s public listing could redefine how housing solutions are funded and scaled in the years to come.
Alfred Lee
