Boxabl stock price: Here's what the 'housing stock' will cost

Highlights

• Boxabl is a building system company based in Las Vegas
• 'Boxabl Casita' is the first product by Boxabl
• Boxabl announced to offer preferred stock for US$ 0.80.

Boxabl often draws investors' attention, especially after Las Vegas-based construction technology company announced offering its shares to the public to fund growth. Instead of an initial public offer (IPO), Boxabl released an offering circular dated April 1 comprising details about stock offerings.

Housing affordability continues to be a constant concern among homebuyers today, particularly with increasing borrowing costs. Hence, cheaper alternatives like Boxabl are becoming popular. So before diving in on how to invest in its stock, let us first learn more about Boxabl.

Boxabl Inc: Key Details

Boxabl is a Nevada-based building system company that aims to bring building construction to streamline manufacturing processes and offer quality residential and commercial building solutions cheaper than traditional buildings.

According to the circular, Boxabl's core product is Building Box, which constitutes room modules shipped at a low cost (US$ 3 to US$ 10 per mile from Las Vegas and stacked onsite by a licensed installer). 

'Boxabl Casita' is the first product by the company. It is an accessory dwelling unit comprising a full-size kitchen, living room and bathroom featuring LED lighting, thereby minimizing utility bills. Boxabl claims its buildings are energy-efficient because of insulation technology, tight building envelope and limited thermal bridging. 

The Nevada-based company says that Casita Box is quick and easy to install, and depending upon the location and site complexity, set-up costs could range from US$ 5,000 to US$ 50,000.

How to invest in Boxabl stock?

As per the offering circular on Boxabl's site, the company announced to offer preferred stock for US$ 0.80. The modular construction company also defined a minimum investment of US$ 1000.

There is no official statement from the company on its initial public offering plans. Hence, people interested in the IPO plans of Boxabl will have to wait and watch if the company opts for a public debut. 

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Bottom line

Boxabl just finished setting up its first housing factory, Factory 1 and is working on building Factory 2 in Las Vegas. The room module company also said its first product offering, Casita Box, gathered massive interest among customers. Hence, the company plans to expand its production capacity to build 'advanced' housing factories to match the demand.

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.