All existing shareholders of BOXABL will roll 100% of their equity into the new combined entity, with founders Paolo and Galiano Tiramani continuing as co-CEOs. The partnership with FGMC provides a reputable SPAC management team with an impressive track record. This public listing could enhance BOXABL's capital access to expand production for affordable housing solutions. BOXABL has raised over $230 million from 50,000 investors and specializes in foldable, modular homes, aiming to meet increasing global housing demand.
All existing shareholders of BOXABL will roll 100% of their equity into the newly combined company.
This potential public listing could provide BOXABL with access to greater capital and broaden our platform to deliver affordable, sustainable housing at scale.
Larry G. Swets Jr., the CEO of FGMC, said the partnership reflects confidence in BOXABL's product and leadership team.
BOXABL has reportedly raised more than $230 million from 50,000 investors since its founding.
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