Modular home manufacturer Boxabl Inc. (NASDAQ: BXBL) completed its initial trading day listing on July 20 on the Nasdaq stock exchange, with a 20% gain. The listing was completed through a business combination with FG Merger II Corp. (NASDAQ: FGMC). The merger values Boxabl at $3.5 billion, with a deemed value of $10 per share.
Boxabl Stock Logs a 20% Single-Day Rise
Boxabl Inc. began trading on the Nasdaq stock market on July 20, 2026 (Monday) under the ticker “BXBL,” marking the first trading day after Boxabl completed its business combination with FG Merger II Corp.; the stock rose 20%. The merger was approved on June 9, 2026, at FGMC’s special meeting of shareholders. After completion of the merger, FG Merger II Corp. was officially renamed BOXABL Inc., and Boxabl completed its transition from a private company to a public one.
Key Deal Terms of the Merger: $3.5 Billion Valuation, 350 Million Shares Issued
The main terms of the business combination are as follows:
Valuation: $3.5 billion
Deemed value per share: $10
Shares issued to BOXABL shareholders: 350 million shares (BOXABL shareholders will transfer all of their equity interests into the combined company)
Shares issued to warrant holders: 800,000 shares of common stock (for warrant holders whose warrants have been issued but are no longer tradeable on Nasdaq)
Merger approval date: June 9, 2026 (FGMC special meeting of shareholders)
Trading start date: July 20, 2026
Stock ticker: BXBL (NASDAQ)
Boxabl’s Main Products: Casita’s 361 Square Foot Specifications
Boxabl’s flagship product, Casita, is a factory-prefabricated studio apartment with 361 square feet (about 33 square meters), equipped with a full kitchen, bathroom, and public utility hookup interface. It is designed to be deployed on-site in less than an hour after delivery. Baby Box is a smaller 120 square foot (about 11 square meter) unit that complies with RV construction building codes and is suitable for installation scenarios that do not require foundations.
In addition, Boxabl is developing modular designs that can be stacked or connected to create townhouses, multi-family residences, or larger single-family homes. Boxabl positions its modular construction technology as a faster and more economical alternative to traditional home building, with Factory 1 located in Las Vegas, Nevada.
Funding Record: Support from More Than 50,000 Investors and $230 Million in Cumulative Fundraising
Boxabl said the company has raised more than $230 million from over 50,000 investors to date, providing funding for the expansion of its modular housing business. Completion of this SPAC merger enables Boxabl to access public capital markets, providing a broader funding pipeline for its growth and expansion plans. Founded in 2017, Boxabl aims to disrupt the traditional residential construction industry.
FAQ
What are Boxabl stock (BXBL)’s listing date, first-day rise, and valuation?
Boxabl Inc. began trading on the Nasdaq stock market on July 20, 2026 (Monday), under the ticker BXBL. The first-day rise was 20%; the business combination values Boxabl at $3.5 billion, with a deemed value of $10 per share.
When was this merger approved by shareholders, and what shares were issued?
The merger was approved on June 9, 2026, at FGMC’s (FG Merger II Corp.) special meeting of shareholders. Under the deal terms, FGMC issued 350 million shares to BOXABL shareholders and issued 800,000 shares of common stock to warrant holders. After the merger was completed, FG Merger II Corp. was renamed BOXABL Inc.
What are the core specifications of Boxabl’s flagship product Casita?
Casita is a fully equipped studio apartment of 361 square feet (about 33 square meters), with a complete kitchen, bathroom, and public utility hookup interface. After factory prefabrication, it can be deployed on-site in less than an hour. Boxabl also offers a smaller Baby Box (120 square feet), as well as a modular stackable/connectable design currently under development.
