LAS
VEGAS, July 18, 2024 /PRNewswire/ -- "On
July 12, 2024, BOXABL Inc. (the
"Company") was informed by the Securities and Exchange Commission's
Division of Enforcement (the "Division") that it concluded its
investigation of the Company and does not intend to recommend an
enforcement action against the Company at this time."
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001816937/000149315224027966/form8-k.htm
"I am appreciative and happy for the SEC's thorough review and
recent decision, advising BOXABL directly that their review is
closed and recommending no further action at this time. The review
spanned almost a year and encompassed half a million records.
BOXABL's books and records remain open and available for inspection
when required by any governmental agency.
BOXABL has always, and will always, run a transparent, truthful
and ethical company under our leadership. We will always try to do
the best for our investors and dedicate ourselves to solving the
housing crisis.
The scale of the housing issue and therefore the commercial
opportunities are both truly vast within our borders and around the
world. BOXABL continues to make remarkable strides as we scale to
achieve our goals and fulfil the company's potential."
-Paolo Tiramani, BOXABL CEO
Since June 2023, with the
appointment of the Board of Directors, BOXABL Inc. has
significantly increased its focus on corporate governance and
compliance. Alongside this effort, the company has attracted new
talent, including Martin Costas as
the Chief Financial Officer. The company has also implemented new
policies and procedures, including a new Code of Ethics and
Business Conduct, and invested in best-in-class systems.
What's been going on at BOXABL lately?
Recent BOXABL Milestones:
Over 600 homes built
Factory buildings 1, 2, and 3 are open
New equipment installations underway
Approved under the California Residential Building Code
80 BOXABL dealers signed up and counting
Casitas are available for order now on our website
BOXABL Directory Live
We are also excited to share
that BOXABL now has a comprehensive dealer network, making it
easier for customers to find dealers to install their Casita homes.
Our dealer network is currently live for the following states: AZ,
CA, UT, WY, OK, HI, KS, WV, VT, NM, and AK.
If you're interested in becoming a BOXABL dealer, you can sign
up or explore our dealer directory at the BOXABL
directory.
Customers can order Casita on our website.
BOXABL Reg A offering was also qualified by the SEC, allowing
the company to raise up to $70m from
all investors. Investors can buy shares at $0.80 each with a minimum $1,000 investment.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED
WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH
ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES
DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC
HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR
COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. THE
OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS
AT: https://boxabl.com/invest#circular
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY
INVESTMENT.
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SOURCE Boxabl