Boxabl, a serial issuer that has utilized online securities offerings multiple times, has raised $3.26 million in less than nine hours, according to an X.
The funding round is leveraging Reg CF and managed with the services of DealMaker, a broker-dealer and tech platform that enables online capital formation. According to the X, Dealmaker is claiming the funding round as one of the fastest to hit is goal in the history of Reg CF.
Congratulations to our client @BOXABL on their $3.26M CF offering, which was oversubscribed in <9 hours! 🎉 This was one of the fastest-filling #RegCF campaigns of all time – and we are so proud of our tech, our amazing team, and of course, the entire team at #Boxabl. #DealMaker pic.twitter.com/2JpMHhI1nL
— DealMaker (@Dealmakertech) September 27, 2023
Boxabl reported yesterday that it had quickly topped $2 million as it neared its funding goal. At one point, Boxabl filed an amended Form C as it quickly topped its original funding goal to adjust to the investor interest.
According to the offering page, Boxabl was selling shares in the company at $0.80 each with a $1000 minimum. Boxabl continues to lose money, similar to most early-stage private ventures. You may read the company’s financials here.
Boxabl has created a modular housing product that can be constructed in a very brief time. The initial “Casita” is said to have a reserve list of 170,000 homes – representing $10 billion in revenue.
The offering page is available here.
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