how much is boxabl stock worth — valuation guide

how much is boxabl stock worth — valuation guide

how much is boxabl stock worth is a common question for investors and observers tracking Boxabl, the factory-built modular housing company. This guide explains the range of reported valuations and per‑share estimates, the company’s announced SPAC merger (FG Merger II Corp. → BXBL), common methods used to derive implied share prices, how and where private shares have traded, and the main risks and factors that drive valuation. Readers will get concrete examples (with source dates) and practical steps for how to follow price updates or pursue eligible purchase routes, including preferred Bitget platform options for public trading and wallet custody.

Company overview

Boxabl is a private, U.S.-based modular and factory-built housing company focused on standardized, foldable housing units designed for rapid deployment and lower per‑unit construction costs. Founded in 2017 by Paolo Tiramani and Galiano Tiramani (co‑founders, engineering and manufacturing background), Boxabl gained attention for its flagship product, the "Casita" — a small, factory-built, foldable unit that ships compact and unfolds on site. The company emphasizes factory-scale manufacturing, repeatable components, and a standardized product family intended to address housing shortages and reduce construction cycle times.

how much is boxabl stock worth is tied to the company’s growth narrative: investors and secondary-market participants price Boxabl based on expectations for factory ramp, gross margins, order backlog, and the broader housing market. Because Boxabl has used equity crowdfunding, private placements, and announced a SPAC merger, there are multiple, sometimes conflicting, price signals for the company’s implied valuation.

Public status and corporate developments

Boxabl remains a privately held company as of the dates cited in this guide, but a number of corporate developments affect public market access and implied pricing.

SPAC merger and ticker reservation

As of March 19, 2025, Boxabl announced a definitive merger agreement with FG Merger II Corp. (FGMC), a SPAC vehicle, intended to take Boxabl public. The transaction agreement included an announced intent to list the combined public company on Nasdaq under the reserved ticker symbol "BXBL" if the merger closes and regulatory and shareholder approvals are obtained (Nasdaq press release, Mar 19, 2025). The SPAC route creates an additional observable price for investors: FGMC shares trade publicly prior to closing, and their market value reflects investor expectations about the deal and the implied value of Boxabl post‑close.

Key dates and filings

• As of Mar 19, 2025, Nasdaq confirmed the reservation of the BXBL ticker for the planned public listing tied to the FG Merger II Corp. transaction (Nasdaq announcement).
• The merger requires customary steps including the SPAC’s shareholder vote, required SEC filings (for example a Form S‑4 or equivalent disclosure document for the combined company), and completion of any PIPE or trust fund commitments disclosed in deal documents. Boxabl’s investor relations materials and deal press releases set an expected closing window, subject to regulatory review and market conditions.

Investors should monitor Boxabl investor relations and the SPAC’s filings for the latest timetable and the S‑4 (or equivalent proxy) for exact share conversion formulas, dilution, and pro forma share counts.

Historical valuations and reported price estimates

There is no single public stock price for Boxabl common shares while the company remains private. Multiple valuation signals exist: company/crowdfund disclosures, media/analyst reports, and secondary‑market quotes. These sources use different methodologies and assumptions, producing different values.

Company / crowdfunding round valuations

As of mid‑2025, Boxabl’s own materials and some crowdfunding round documentation cited an approximate valuation in the neighborhood of $3.5 billion (company investor materials and associated press reports). Some crowdfunding rounds and regulation offerings marketed illustrative share prices (for example, offerings indicating reference prices near $0.80 per share in 2025 for certain share classes in crowdfunding materials). These company or crowdfunding references reflect deal terms, preferred‑share features, or hypothetical per‑share math and should be read with attention to share class and post‑money vs. pre‑money distinctions.

Media and analyst estimates

Coverage by industry media such as HousingWire and AccessIPOs has reported a headline valuation of roughly $3.5 billion tied to the FG Merger II Corp. transaction and supporting documents (HousingWire coverage; AccessIPOs summaries). These media reports summarize deal values disclosed in transaction announcements and investor decks. Media valuations commonly reflect the pro forma equity value implied by the SPAC transaction and the amount of cash expected to be available to the combined company at close.

Secondary‑market price quotes and platform estimates

Secondary private‑market platforms and price services have produced different per‑share estimates and bid/ask activity. For example:

• As of December 2025, Nasdaq Private Market’s TapeD™ service reported an indicative per‑share range for Boxabl‑related securities around $0.27–$0.37 per share (Nasdaq Private Market TapeD, Dec 2025). That range reflected limited liquidity, differing share classes, and valuation adjustments for restricted stock.
• UpMarket published an illustrative valuation estimate of approximately $3.52 billion based on available deal math and illustrative share counts; platform pages showed per‑share calculations reflecting that total equity value.
• Marketplace platforms such as Forge, Hiive, and Notice have shown varying last‑trade or indicative bid/ask figures at different times; these marks can differ materially across platforms due to limited volume, buyer/seller composition, and transfer approvals.

All secondary‑market marks are indicative and based on limited transactions or broker‑dealer quotations. They are not the same as a live public market price for a freely traded common share.

How Boxabl’s implied per‑share price is calculated

There are several common methods market participants use to derive an implied per‑share price for a private company like Boxabl:

• Pro forma equity valuation divided by total diluted shares outstanding: Analysts will take an announced pro forma equity value (for example, the SPAC deal enterprise or equity value) and divide it by an estimated diluted share count to create an illustrative per‑share price. This requires clear disclosure of share classes and conversion rates.
• Secondary trade marks: Actual trades on private marketplaces establish realized prices for a specific lot and share class; these prices are observable when trades occur, but liquidity is limited.
• Broker‑dealer indicative quotes (e.g., Forge indicative prices, TapeD marks): Broker‑dealer services provide indicative pricing based on recent trades, buyer/seller interest, and valuation models.
• SPAC share‑exchange math: For companies going public via SPAC, the per‑share value that pre‑deal shareholders receive can depend on the SPAC’s pro forma equity value, PIPE investments, sponsor promote, and the share exchange ratio. FG Merger II Corp.’s filed documents will specify conversion ratios and any roll‑over mechanics.

Key sensitivities in these calculations include: whether valuations are pre‑ or post‑money; the number and type of outstanding securities (common, preferred, options, warrants); dilution from future financings; and any liabilities being carved into the pro forma capital structure.

How to buy or sell Boxabl shares (pre‑IPO and during SPAC)

There are three primary routes investors have used to access Boxabl exposure prior to a completed public listing. Eligibility, transfer restrictions, and platform rules differ.

• Equity crowdfunding/regulation offerings: Boxabl has conducted or made available crowdfunding/regulation offerings at times. Participation in Reg CF, Reg A+, or private placements typically has specific investor limits and compliance requirements. These offerings can be accessed during open subscription windows through the issuer’s selected platform and are open to qualifying investors per offering terms.

• Private‑secondary marketplaces: Accredited investors can trade restricted shares through private‑market platforms (Nasdaq Private Market, Forge, Hiive, UpMarket, Notice). These trades require seller approval, company transfer processing, and may be subject to right‑of‑first‑refusal (ROFR) or other company transfer policies. Liquidity is limited and trade sizes may be restricted.

• Public SPAC shares (pre‑close): FG Merger II Corp. shares trade publicly on Nasdaq prior to the merger closing. Buying FGMC shares provides a public, liquid vehicle tied to the expected Boxabl transaction; upon deal close, FGMC shares are typically convertible into shares of the combined company (ticker BXBL) according to the deal’s conversion terms, though shareholder redemptions and transaction outcomes can materially affect per‑share outcomes.

Eligibility notes and platform specifics:

• Accredited investor requirements commonly apply for most private‑secondary trades and certain primary offerings.
• Company transfer approvals and ROFRs can prevent or delay transfers.
• Platform and broker requirements vary; documentation and verification are required.

For custody and public trading after the deal, consider using regulated, reputable custody and exchange services. For public trading once the combined company lists under BXBL, Bitget offers a listing and custody option (use Bitget exchange for trading and Bitget Wallet for custody and wallet management). Always confirm ticker and listing status with official filings before transacting.

Factors affecting Boxabl’s valuation and share price

how much is boxabl stock worth depends on multiple operational, financial, and market factors. Key drivers include:

• Factory scale and production ramp: The speed at which Boxabl expands manufacturing capacity and reduces per‑unit costs materially affects revenue and margin expectations.
• Revenue growth and gross margins: Actual delivered sales, pricing, and realized margins influence forward earnings expectations.
• Order backlog and demand: Size and convertibility of orders, along with cancellations and lead times, affect near‑term revenue visibility.
• Capital raised and cash runway: The amount of committed capital at close (including PIPE commitments) and cash retention determines capital sufficiency for scale‑up.
• Regulatory, legal, and quality issues: Any regulatory inquiries, product recalls, or litigation can depress valuation; conversely, regulatory approvals or positive certifications can support higher valuations.
• Macroeconomic housing conditions: Interest rates, construction labor availability, and housing policy affect demand for modular housing.
• SPAC and market sentiment: The broader SPAC market, investor appetite, and the perceived credibility of management impact implied deal valuations.
• Dilution from future financings and share‑class conversion: Stock options, warrants, sponsor promote, and preferred shares convert at different rates; pro forma share counts can shift implied per‑share math significantly.

Risks and considerations for investors

This article does not provide investment advice. The following are factual considerations and risks relevant to the question how much is boxabl stock worth:

• Illiquidity: Private shares are typically illiquid. Secondary marks may reflect thin, non‑recurring trades.
• Valuation variance: Company‑reported valuations (crowdfunding decks, pro forma SPAC equity values) often differ from secondary‑market transaction prices.
• Transaction risk: The SPAC merger may be delayed, renegotiated, or fail to close; FGMC shareholder redemptions and financing shortfalls can reduce the cash available at close.
• Execution risk: Manufacturing scale‑up, supply chain constraints, and quality control are operational risks that can affect financial performance.
• Regulatory and legal risk: Any inquiries, lawsuits, or enforcement actions can impact valuation and share liquidity.
• Share class differences: Preferred shares issued in private finance rounds may have liquidation preferences and conversion terms that change the arithmetic of implied common share values.

Investors should rely on primary filings (S‑4 or proxy statements) for final deal math and consult licensed advisors for personalized guidance.

Recent reported figures (examples)

Below are neutral examples of reported valuations and per‑share estimates. These are time‑stamped and sourced; they are illustrative and not live quotes.

• Company / crowdfunding round valuation: ~ $3.5 billion — As of mid‑2025, Boxabl company materials and press summaries (company IR and related communications) referenced a pro forma valuation in the neighborhood of $3.5 billion.

• UpMarket valuation estimate: ~ $3.52 billion — As of mid‑2025, UpMarket’s public materials and valuation page presented an illustrative pro forma valuation and per‑share calculations consistent with a ~$3.52B equity valuation.

• Nasdaq Private Market TapeD indicative range: ~$0.27–$0.37 per share — As of December 2025, Nasdaq Private Market’s TapeD service published an indicative range for Boxabl‑related securities reflecting limited secondary liquidity and differing share classes (Nasdaq Private Market, Dec 2025).

• Secondary‑market platform marks: varying bid/ask and last‑trade figures — Throughout 2025, platforms such as Forge, Hiive, and Notice recorded sporadic bids, asks, and last‑trade marks for Boxabl securities; values differed by platform and time and should be checked directly on the platform for the latest data.

Note: these reported figures are examples from the sources noted and will change. For the most up‑to‑date per‑share or pro forma valuations consult the issuer’s IR, SPAC filings (S‑4), Nasdaq filings for BXBL, and current private‑market platform quotes.

Interpreting quotes and reconciliations

Why do valuations differ so widely? Common reasons:

• Pre‑money vs. post‑money: Some citations report pre‑money valuations (before new deal proceeds) while others report post‑money values (after PIPE and trust cash).
• Share class mix: Preferred rounds may have liquidation preferences or anti‑dilution protections that change the implied value to common shareholders.
• Timing: New information (production updates, legal matters, or macro shifts) changes market expectations rapidly.
• Liquidity and market microstructure: Private trades reflect negotiated prices for a restricted lot — not continuous market prices.
• Platform price conventions: Different private‑market platforms and tape services apply distinct mark‑to‑market rules and may include stale quotes.

Recommendation: reconcile per‑share prices only by referring back to official deal documents (S‑4/proxy) for the transaction, which will provide the definitive pro forma share count and equity value at closing.

Frequently asked questions (FAQ)

Q: Is Boxabl public? A: As of the dates cited in this article, Boxabl had not completed a standalone public listing. The company announced a definitive merger agreement with FG Merger II Corp.; FGMC is the publicly traded SPAC vehicle that, if and when the merger closes, would result in a Nasdaq listing for the combined company under the reserved ticker BXBL.

Q: What is the ticker? A: The company reserved the Nasdaq ticker "BXBL" for the combined public company as of Mar 19, 2025 (Nasdaq announcement). Prior to deal close, the SPAC (FG Merger II Corp.) trades under its existing SPAC ticker.

Q: Can I buy Boxabl now? A: Options include: (1) buying FGMC shares on the public market to gain exposure to the proposed transaction prior to closing; (2) participating in any open crowdfunding or issuer offerings if you qualify under offering terms; or (3) using private‑market platforms (Nasdaq Private Market, Forge, Hiive, Notice) if you are an eligible investor and the company permits transfers. Each route has eligibility and legal restrictions; check platform rules and company transfer policies.

Q: Are per‑share prices on private markets equivalent to the eventual BXBL public price? A: Not necessarily. Private‑market marks reflect limited trades, specific share classes, and transfer restrictions. The public market price upon listing will reflect public liquidity, investor sentiment, and updated financial disclosures.

See also

• SPAC mergers and shareholder approvals
• Secondary private‑market trading mechanics and restrictions
• Equity crowdfunding (Reg CF / Reg A+ overview)
• Private‑market price services such as TapeD and platform quote conventions

References and data sources

Sources used to compile this guide include Boxabl investor relations materials, Nasdaq press releases (ticker reservation), Nasdaq Private Market TapeD data, UpMarket valuation pages, secondary platform materials (Forge, Hiive, Notice), and industry media coverage (HousingWire, AccessIPOs). Specific time‑stamped examples cited above reference: Nasdaq press release (Mar 19, 2025); Nasdaq Private Market TapeD estimates (Dec 2025); company and crowdfunding materials (mid‑2025). For any investment decision or current pricing, consult the issuer’s filings, platform quotes, and official exchange listings.

Notes for editors / readers

• All per‑share prices and valuations in this article are indicative and may change rapidly. The examples are time‑stamped; readers should consult primary filings (S‑4/proxy), company IR materials, and regulated exchange quotes for the latest data.
• This article is neutral and informational. It is not financial, tax, or investment advice.