Boxabl, a company known for its online securities offerings, has successfully raised $3.26 million in under nine hours. The funding round utilized Regulation Crowdfunding (Reg CF) and was facilitated by DealMaker, a broker-dealer and tech platform for online capital formation. DealMaker claims that this funding round is one of the fastest to meet its goal in the history of Reg CF.
Boxabl announced yesterday that it had rapidly surpassed $2 million, bringing it closer to its funding target. In response to the overwhelming investor interest, Boxabl had to file an amended Form C to adjust its original funding goal.
The offering page for Boxabl indicated that shares in the company were being sold at $0.80 each, with a minimum investment of $1000. Similar to many early-stage private ventures, Boxabl continues to operate at a loss. Interested individuals can view the company’s financials on its website.
Boxabl has pioneered a modular housing solution that can be quickly assembled. Its initial product, known as the “Casita,” has garnered an impressive reserve list of 170,000 homes, equivalent to $10 billion in potential revenue.
For more details about the funding round, please visit Boxabl’s offering page.
Follow crowdfundingmagazine on Instagram: @crowdfundingmagazine_it