SPACtrac Report – BOXABL: Manufacturing The Future Of Housing


Monday, June 01, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Factory-Built housing meets public markets. BOXABL plans to become a publicly traded company through its proposed business combination with FG Merger II Corp. The transaction is expected to provide additional capital to support manufacturing optimization, production scaling, and broader market expansion initiatives. 

Industrializing housing at scale. BOXABL is applying centralized manufacturing processes to residential construction to improve efficiency, lower costs, and accelerate deployment timelines. By standardizing production and reducing transportation complexity, BOXABL aims to deliver lower-cost housing solutions at scale. The company’s modular housing strategy is designed to address growing affordability challenges across entry-level and workforce housing markets. 


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This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.