Boxabl enters non-binding LOI to merge with SPAC, targeting Nasdaq listing

BOXABL Inc.

Boxabl signed non-binding LOI with a Nasdaq-listed SPAC for a business combination, targeting a Nasdaq listing.
SPAC raised $80M in its IPO available to support the deal, subject to stockholder redemptions.
Boxabl has over 50,000 investors representing aggregate investment of over $200 million.
Existing Boxabl equity holders would roll 100% of their equity into the combined public company.
No definitive agreement reached; transaction subject to due diligence, negotiation, and board/stockholder approvals.

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