Latest news with #GalianoTiramani
CTV News
4 days ago
- Business
- CTV News
Modular building startup Boxabl to list on Nasdaq in US$3.5 billion SPAC deal
In this May 16, 2012 file photo, a taxi passes in front of the Nasdaq MarketSite in New York's Times Square. (AP Photo/Richard Drew, File) Modular building startup Boxabl will go public in the U.S. through a US$3.5 billion merger with special purpose acquisition company FG Merger II, the companies said on Tuesday. Modular housing is widely recognized for its potential to deliver affordable, timely, and scalable housing solutions in both emergency and market-driven contexts. Innovation in the housing market – a segment of the economy most sensitive to monetary policy – is also necessitated by rising housing prices, which hit a record high in June amid elevated interest rates and supply crunch. The deal will allow Boxabl to expand its production capabilities and meet growing demand for its modular building systems, as well as invest in research and development. Founded in 2017, Las Vegas-based Boxabl designs and manufactures foldable, modular homes. Known for its foldable 361 square foot 'Casita' homes, some of the company's housing models can be purchased for as little as US$19,999. Boxabl is led by founders and co-CEOs Paolo and Galiano Tiramani. FG Merger will issue 350 million shares to Boxabl. SPACs, also known as blank-check firms, raise capital through an initial public offering with the sole purpose of taking a private company public. Listing shares via SPAC mergers allows companies to avoid some scrutiny that comes with the traditional IPO process. Boxabl, which has raised over US$230 million to date, has previously also used crowdfunding to raise capital, an alternative fundraising strategy that allows small everyday investors to buy shares in a company. The company also adopted a bitcoin treasury strategy in May, allowing for a percentage of its assets to acquire the cryptocurrency. The combined company will be listed on the Nasdaq under the symbol 'BXBL.' Maxim Group and Winston & Strawn advised Boxabl, while Loeb & Loeb advised FG Merger. --- Reporting by Arasu Kannagi Basil and Ateev Bhandari in Bengaluru; Editing by Shailesh Kuber
Yahoo
4 days ago
- Business
- Yahoo
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal
(Reuters) -Modular building startup Boxabl will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company FG Merger II, the companies said on Tuesday. Modular housing is widely recognized for its potential to deliver affordable, timely, and scalable housing solutions in both emergency and market-driven contexts. Innovation in the housing market – a segment of the economy most sensitive to monetary policy – is also necessitated by rising housing prices, which hit a record high in June amid elevated interest rates and supply crunch. The deal will allow Boxabl to expand its production capabilities and meet growing demand for its modular building systems, as well as invest in research and development. Founded in 2017, Las Vegas-based Boxabl designs and manufactures foldable, modular homes. Known for its foldable 361 square foot "Casita" homes, some of the company's housing models can be purchased for as little as $19,999. Boxabl is led by founders and co-CEOs Paolo and Galiano Tiramani. FG Merger will issue 350 million shares to Boxabl. SPACs, also known as blank-check firms, raise capital through an initial public offering with the sole purpose of taking a private company public. Listing shares via SPAC mergers allows companies to avoid some scrutiny that comes with the traditional IPO process. Boxabl, which has raised over $230 million to date, has previously also used crowdfunding to raise capital, an alternative fundraising strategy that allows small everyday investors to buy shares in a company. The company also adopted a bitcoin treasury strategy in May, allowing for a percentage of its assets to acquire the cryptocurrency. The combined company will be listed on the Nasdaq under the symbol "BXBL." Maxim Group and Winston & Strawn advised Boxabl, while Loeb & Loeb advised FG Merger. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
4 days ago
- Business
- Reuters
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal
Aug 5 (Reuters) - Modular building startup Boxabl will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company FG Merger II (FGMC.O), opens new tab, the companies said on Tuesday. Modular housing is widely recognized for its potential to deliver affordable, timely, and scalable housing solutions in both emergency and market-driven contexts. Innovation in the housing market – a segment of the economy most sensitive to monetary policy – is also necessitated by rising housing prices, which hit a record high in June amid elevated interest rates and supply crunch. The deal will allow Boxabl to expand its production capabilities and meet growing demand for its modular building systems, as well as invest in research and development. Founded in 2017, Las Vegas-based Boxabl designs and manufactures foldable, modular homes. Known for its foldable 361 square foot "Casita" homes, some of the company's housing models can be purchased for as little as $19,999. Boxabl is led by founders and co-CEOs Paolo and Galiano Tiramani. FG Merger will issue 350 million shares to Boxabl. SPACs, also known as blank-check firms, raise capital through an initial public offering with the sole purpose of taking a private company public. Listing shares via SPAC mergers allows companies to avoid some scrutiny that comes with the traditional IPO process. Boxabl, which has raised over $230 million to date, has previously also used crowdfunding to raise capital, an alternative fundraising strategy that allows small everyday investors to buy shares in a company. The company also adopted a bitcoin treasury strategy in May, allowing for a percentage of its assets to acquire the cryptocurrency. The combined company will be listed on the Nasdaq under the symbol "BXBL." Maxim Group and Winston & Strawn advised Boxabl, while Loeb & Loeb advised FG Merger.
Yahoo
4 days ago
- Business
- Yahoo
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal
(Reuters) -Modular building startup Boxabl will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company FG Merger II, the companies said on Tuesday. Modular housing is widely recognized for its potential to deliver affordable, timely, and scalable housing solutions in both emergency and market-driven contexts. Innovation in the housing market – a segment of the economy most sensitive to monetary policy – is also necessitated by rising housing prices, which hit a record high in June amid elevated interest rates and supply crunch. The deal will allow Boxabl to expand its production capabilities and meet growing demand for its modular building systems, as well as invest in research and development. Founded in 2017, Las Vegas-based Boxabl designs and manufactures foldable, modular homes. Known for its foldable 361 square foot "Casita" homes, some of the company's housing models can be purchased for as little as $19,999. Boxabl is led by founders and co-CEOs Paolo and Galiano Tiramani. FG Merger will issue 350 million shares to Boxabl. SPACs, also known as blank-check firms, raise capital through an initial public offering with the sole purpose of taking a private company public. Listing shares via SPAC mergers allows companies to avoid some scrutiny that comes with the traditional IPO process. Boxabl, which has raised over $230 million to date, has previously also used crowdfunding to raise capital, an alternative fundraising strategy that allows small everyday investors to buy shares in a company. The company also adopted a bitcoin treasury strategy in May, allowing for a percentage of its assets to acquire the cryptocurrency. The combined company will be listed on the Nasdaq under the symbol "BXBL." Maxim Group and Winston & Strawn advised Boxabl, while Loeb & Loeb advised FG Merger. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-01-2025
- Business
- Yahoo
BOXABL Launches $19,999 Baby Box: A Turnkey Home on Wheels
LAS VEGAS, Jan. 28, 2025 /PRNewswire/ -- BOXABL is proud to announce the launch of the Baby Box, a groundbreaking portable living space designed to deliver affordability, flexibility, and functionality. With an introductory price of $19,999, the Baby Box offers unmatched value for a turnkey home. Pre-orders are now open on the BOXABL website, with deliveries expected to begin in late 2025. "At BOXABL, we're committed to creating innovative housing solutions that are both accessible and adaptable," said Galiano Tiramani, Founder. "The Baby Box is a testament to our mission of making quality living spaces available to everyone, whether they need a home, workspace, or temporary accommodation." The Baby Box features a compact yet modern design, offering a fully functional living space built to RV code. It's easy to set up, with no foundation or special equipment required, and can seamlessly operate off-grid or connect with a standard hose and outlet. Its versatility makes it the perfect solution for a range of needs, including disaster relief, workforce accommodations, community projects, or simply providing extra space for personal use. To see the Baby Box in action, click here to watch the official video showcasing its design and capabilities. About BOXABL:BOXABL is a housing technology company dedicated to revolutionizing the construction industry with innovative, high-quality, and affordable housing solutions. From the iconic Casita to the newly launched Baby Box, BOXABL continues to lead the way in redefining modern living. View original content to download multimedia: SOURCE Boxabl Sign in to access your portfolio
