BOXABL Appoints Timothy Goldsmith to Board, Strengthening Financial Governance Post-SPAC

BOXABL (NASDAQ: BXBL), the North Las Vegas-based company aiming to transform housing through mass-production technology, announced on September 24, 2026, the appointment of Timothy Goldsmith, CPA, to its board of directors. Goldsmith will chair the Audit Committee and serve on the Nominating and Corporate Governance Committee. Dr. Morris A. Davis, the former Audit Committee chair, will remain a committee member. The move comes as BOXABL builds out its financial leadership and governance infrastructure following its transition to a public company in July 2026.

Goldsmith spent nearly 21 years at EY, most recently serving as an audit partner from 2018 to 2026. His experience includes public and private company audits, U.S. GAAP, IFRS, SEC and PCAOB standards, and Sarbanes-Oxley compliance. That background is directly relevant for a newly public company navigating the reporting and internal control requirements of the Nasdaq Stock Market. The appointment follows the recent additions of Larry King as chief financial officer and Heather Clayton as chief accounting officer, signaling a deliberate effort to strengthen financial oversight at the board and executive levels.

For Texas, the news matters because BOXABL's flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom, and utilities that unfolds on-site in under an hour. The company is also developing stackable and connectable modules designed to scale production. As Texas continues to face housing affordability challenges, innovative manufacturing approaches could influence how quickly and cost-effectively homes are delivered. BOXABL's success in scaling production and obtaining regulatory approvals—including in Texas—could have ripple effects on housing supply, construction employment, and related industries.

Investors and industry watchers should note the risks associated with special purpose acquisition company (SPAC) transactions. BOXABL became publicly traded through a business combination with FG Merger II Corp., completed in July 2026, with shares beginning trading on Nasdaq under the symbol BXBL on July 20, 2026. Companies that go public via SPACs may face share price volatility, dilution, limited operating history as a public company, and redemption-related capital reductions. In July 2026, the company filed a universal mixed shelf registration statement permitting it to offer up to $500,000,000 of securities over time; any such issuance would be dilutive to existing holders. Readers should review the company's filings with the U.S. Securities and Exchange Commission at www.sec.gov, including its periodic reports, in full.

Since its inception in 2017, BOXABL has raised over $230 million from more than 50,000 investors, according to the company. Its mission of making housing affordable at mass-production scale aligns with broader efforts to address housing shortages through technology. The addition of Goldsmith to the board is a governance milestone that could enhance investor confidence as BOXABL pursues additional state regulatory approvals and works to deploy its Casita and future modular products. For more details, see the full press release at https://ibn.fm/bdjG7. The latest news and updates relating to BXBL are available in the company's newsroom at https://ibn.fm/BXBL. Additional information about BOXABL can be found at BOXABL (NASDAQ: BXBL).