New updates have been reported about BOXABL.
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Boxabl has appointed Shanmugam “Shan” Palaniappan as Chief Technology Officer as it advances a planned merger with FG Merger II Corp., a Nasdaq-listed SPAC, to support its transition from startup to large-scale modular housing manufacturer. The company expects Palaniappan’s background in cloud infrastructure, AI platforms, and enterprise architecture to underpin a redesign of Boxabl’s operations into an AI-native, data-driven model spanning sales, cost forecasting, land analysis, and supply chain.
Co-CEO Paolo Tiramani said the company intends to embed real-time intelligence across all business functions, aiming to materially lift productivity and strengthen execution as Boxabl scales production capacity and broadens its product portfolio and geographic footprint. The proposed business combination with FG Merger II is intended to provide greater strategic and financial flexibility for global deployment of its factory-built housing systems, though completion remains subject to SEC review, shareholder votes, regulatory approvals, and market conditions that could affect available cash, timing, and the ultimate benefits of going public.