BOXABL Achieves Important Licensing Milestone in California for Modular Manufacturing

BOXABL's New Licensing Breakthrough in California

In a significant move for the modular housing industry, BOXABL Inc., a pioneer in innovative, factory-built modular solutions, announced that it has obtained a crucial license from the State of California, designating the company as a 'Commercial Modular Manufacturer.' This important achievement represents a vital step for BOXABL as it aims to expand its operations and deliver scalable, high-quality modular products across various applications.

The new license permits BOXABL to manufacture and deploy its cutting-edge modular units while adhering to California's rigorous building standards for commercial use. This development opens doors to broader market access and accelerates growth in one of the nation’s most vibrant markets.

Martin Costas, BOXABL's Chief Financial Officer, expressed enthusiasm regarding this milestone. “This license represents an important milestone for BOXABL and reinforces our commitment to innovation and regulatory excellence,” he stated. Costas highlighted that securing this approval showcases the strength of BOXABL's manufacturing processes and positions the company to meet the increasing demand for efficient, high-quality modular solutions.

BOXABL has recently ventured into the commercial applications arena, backed by a substantial contract signed with a leading industry partner. The newly acquired license is pivotal in realizing that opportunity and ensuring streamlined product deployment in the marketplace.

Furthermore, this milestone aligns with BOXABL's ongoing efforts to finalize its proposed merger with FG Merger II Corp. (NASDAQ FGMC), a publicly traded special purpose acquisition company (SPAC). Subject to customary approvals, this merger is anticipated to bolster BOXABL's resources, enabling the company to scale production and expand its reach across a variety of industries.

BOXABL's Innovative Offerings

Founded in 2017, BOXABL is revolutionizing the housing landscape with its modular building systems that promise affordable, high-quality homes at unprecedented speeds. The company's flagship product, the Casita, boasts a compact 361 square foot studio unit featuring a complete kitchen, bathroom, and utilities. Most impressively, the Casita can be unfolded and set up on-site in under an hour, significantly enhancing convenience for potential homeowners.

In addition to the Casita, BOXABL has introduced the Baby Box, a smaller 120 square foot unit designed to meet RV codes, enabling simpler setups without the need for a foundation. Moreover, BOXABL is currently developing innovative stackable and connectable box models, allowing users to create townhomes, multifamily units, or larger single-family residences.

As the demand for affordable housing solutions grows, BOXABL remains at the forefront, committed to providing practical and efficient housing options that cater to various lifestyles and needs.

Looking Ahead

As BOXABL moves forward, its focus remains on fostering innovation while navigating the complexities of regulatory compliance. This license in California symbolizes not just a regulatory victory but also a strategic step toward BOXABL's growth trajectory in the modular manufacturing sector.

For more insights into BOXABL's transformative solutions and ongoing projects, visit www.boxabl.com.

For further updates regarding the proposed merger and related developments, interested parties can refer to the filings made by FG Merger II Corp with the U.S. Securities and Exchange Commission. It will include important information that could impact decision-making for investors and stakeholders alike.