BOXABL Inc., a technology construction company focused on factory-built housing, has appointed Shan Palaniappan as chief technology officer as it expands automation, software and artificial intelligence capabilities across operations. The company is pursuing a proposed merger with FG Merger II Corp. (NASDAQ: FGMC), with the combined company expected to trade under the ticker Nasdaq: BXBL.
BOXABL has already produced more than 800 housing units from its Las Vegas manufacturing facility and is targeting multiple residential and commercial market segments. The company’s modular system is designed to support scalable deployment for single-family homes, multifamily housing, workforce accommodations, and hospitality projects. Management sees long-term opportunity in combining home production with recurring service revenues tied to financing, insurance, and maintenance.
BOXABL is attempting to apply manufacturing principles more commonly associated with the automotive and consumer electronics industries to one of the least standardized sectors of the American economy: residential construction. Headquartered in Las Vegas, Nevada, the company is building a factory-based housing platform centered on modular, foldable residential units that can be transported on standard trailers and quickly assembled on-site. BOXABL’s broader objective is to shift homebuilding away from fragmented, site-built methods toward a streamlined, factory-driven process.
The appointment of Palaniappan, a technology executive with experience in software and AI, signals BOXABL’s intent to further integrate advanced technologies into its manufacturing and deployment processes. The company believes that automation and AI can improve efficiency, reduce costs, and accelerate production timelines, which are critical to scaling up to meet housing demand.
The proposed SPAC merger with FG Merger II Corp. provides a pathway to public markets, which could supply capital for expansion. The merger is expected to close in the coming months, subject to regulatory and shareholder approvals. If completed, BOXABL’s shares would trade on the Nasdaq under the symbol BXBL.
Industry analysts note that factory-built housing has long been touted as a solution to the housing shortage, but scaling production has proven challenging. BOXABL’s progress in producing over 800 units and its focus on automation and recurring revenue streams could differentiate it from earlier attempts. The company is targeting not only single-family homes but also multifamily housing, workforce accommodations, and hospitality projects, broadening its addressable market.
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