Florida City, Florida Aug 31, 2026 (Issuewire.com) BOXABL Inc. (NASDAQ: BXBL), a technology company developing factory-built modular housing, has entered into a Product Purchase Agreement with LC Vegas Acquisitions, LLC for the potential purchase of up to 1,580 newly designed ranch homes over a three-year period, with an aggregate potential value of approximately $233 million.
The agreement, signed August 25, 2026, covers three-bedroom, 2.5-bath ranch units of roughly 1,400 square feet. Under the agreement's terms, BOXABL is responsible for engineering, design, Nevada state approvals, interior mechanicals, and project management, while the buyer is responsible for site development, permitting, and exterior elements. The agreement is non-binding, and LC Vegas Acquisitions is not obligated to purchase any homes.
BOXABL also amended the agreement to offer Class A Common Stock incentives tied to deposit size, intended to encourage larger orders, with the shares to be registered for resale.
The announcement follows a series of recent company updates. On August 27, 2026, BOXABL announced it had engaged licensed general contracting capability in California, a step toward bidding directly on its own site-development and installation projects rather than relying solely on third-party contractors. On August 20, 2026, the company unveiled a server pod concept aimed at modular AI and cloud-computing infrastructure applications. On August 13, 2026, BOXABL launched a new section of its website inviting partnerships across the housing supply chain, including potential acquisitions, mergers, joint ventures, land contributions, and technology deals.
BOXABL began trading on the Nasdaq Stock Market under the ticker "BXBL" on July 20, 2026, following the completion of its business combination with FG Merger II Corp. The company has raised more than $230 million from over 50,000 investors since its founding in 2017.
About BOXABL Inc.
BOXABL is a North Las Vegas-based technology company developing a new type of modular building system, applying manufacturing processes adapted from the automotive industry. The company's flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom, and utilities that unfolds on-site in under an hour. BOXABL also offers the smaller 120-square-foot Baby Box and is developing stackable, connectable modules for townhomes, multifamily units, and larger single-family homes.
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