How to buy Boxabl stock before IPO? All you must know - Kalkine Media

April 06, 2022 06:57 AM EDT | By Raza Naqvi
Follow us on Google News:

Highlights

  • As per the official website, Boxabl is a modular construction company.
  • Boxabl claims that its units can withstand extreme weather conditions like hurricane speed winds.
  • Investors have been looking up for Boxabl stock since the past year.

Boxabl shot to fame in 2021 when some media reports suggested that Tesla Chief Executive Officer (CEO) Elon Musk was living in one of the home models designed by the Las Vega-based company.

However, in November 2021, Elon Musk had ended all the rumours and said that he had been living in a small house worth US$ 50,000 for the past two years, but it was not Boxabl.

Although, the Tesla CEO had added that Boxabl had 'cool' products to offer. Since then, it seems that Boxabl has remained on the radar of investors, and they often search on how to buy the Boxabl stock.

What is Boxabl?

As per the official website, Boxabl is a modular construction company. It builds and supplies accessory dwelling units (ADUs) in the United States. It aims to revolutionize the housing market by reducing housing costs and delivering houses of the highest quality.

Notably, the ADUs are small backyard homes, and Boxabl ADUs are easily portable and can be delivered and unpacked in an hour. The company's first product was named Casita, and it cost around US$ 49,500 per unit.

Boxabl products are estimated to be a game-changer in the United States as constructing a house is expensive. As per the official website, there's massive interest from customers in Casita, and Boxabl has a long waitlist.

The company says that new customers will have to wait for at least 12 months, and they have recently finished setting up Factory 1 in Las Vegas.

Boxabl claims that its units can withstand extreme weather conditions like hurricane speed winds. Also, the Boxabl homes were designed keeping fire resistance in mind, and the interior and exterior of the structure are made of non-combustible materials.

Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy

As climate change is of the major global issues, Boxabl has designed energy-efficient buildings with features like high R-value insulation, limited thermal bridging and a tight building envelope.

Boxabl stock©2022 Kalkine Media® 

Bottom line

Box has not announced its initial public offering (IPO) plan. However, it did disclose a way to purchase its shares. On Tuesday, April 5, Boxabl announced on Twitter that its shares are available at US$ 0.8 per unit, and a minimum investment of US$ 1,000 is required to buy its shares.

As of June 30, 2021, Boxabl's cash and cash equivalents were worth US$ 6.3 million compared to US$ 3.7 million in 2020. In the first half of the previous year, the value of the total assets had increased to US$ 14.4 million from US$ 4.8 million in 2020.

Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?

Please note, the above content constitutes a very preliminary observation or view based on digital trends 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.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.



Top TSX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK