Modular construction innovator BOXABL Inc. has officially closed its business combination with FG Merger II Corp., marking a significant milestone in the company’s corporate trajectory. The deal establishes an enterprise valuation of $3.5 billion for the housing technology firm, which specializes in rapidly deployable, factory-built living units designed to address modern housing affordability and supply challenges.

The finalization of this merger integrates BOXABL into a publicly traded structure, providing the company with new avenues for capital access as it scales its proprietary manufacturing processes. According to NASDAQ, the transaction represents a strategic shift for the startup, enabling it to transition from a private entity into a position where it can leverage public market resources to expand its assembly line production and geographic reach. By moving forward through this merger, the firm aims to solidify its position as a disruptive force within the construction and real estate development sectors.

Moving forward, the combined entity is expected to focus on optimizing its production capabilities to meet growing demand for modular solutions. Investors and industry analysts are closely monitoring how this liquidity event will support the company's long-term objective of standardizing mass-produced, high-quality housing. As the company begins its new chapter as a public entity, it faces the challenge of scaling operations efficiently while maintaining the innovative design standards that defined its initial market presence.