Boxabl will be returning to the crowdfunding market to raise more money. The company has pursued multiple online funding rounds as it seeks to execute its mission of mass-producing affordable prefab housing.
According to a recent Form 1-A filed with the Securities and Exchange Commission, Boxabl aims to raise up to $75 million in a securities sale.
Boxabl raised several million dollars ($3,263,186) in a Reg CF offering last fall.
In August of 2022, Boxabl closed a Reg A+ securities offering at around $24 million.
The company also pursued a Reg D offering in 2023, raising gross proceeds of $4,184,141.
Boxabl states that it anticipates seeking an additional $700,000,000 in debt financing to advance its business objectives.
Boxabl reports that it incurred a net loss of $25,055,510 and $603,771,903 during the nine months ended September 30, 2023, and 2022, respectively, stating that it “currently has limited revenues.” Boxabl also reports that over 175,000 possible customers have expressed interest in reserving a Casita Box prefabbed structure. They are currently accepting deposits of $200 per house.
Boxabl has enlisted the services of Dealmaker to be the broker of record as well as StartEngine a securities crowdfunding platform.
A Reserve Now page is live on StartEngine, and it currently indicates reservations of over $5.7 million.
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