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- BOXABL, transforming the housing market with its advanced modular building systems, has appointed Larry King, CPA, as Chief Financial Officer and Heather Clayton as Chief Accounting Officer.
- The appointments add extensive public-company reporting, accounting, operational and multi-entity experience to BOXABL’s management team.
- The company’s Casita platform uses folding modular construction, significantly simplifying transportation and accelerating installation, as BOXABL moves beyond individual units into larger developments.
- BOXABL recently highlighted projects ranging from disaster-relief housing and campground installations to residential and hospitality developments.
BOXABL (NASDAQ: BXBL), a technology company reinventing housing with its modular building systems, transforming the housing market, is adding senior financial executives to its leadership team as the factory-built housing company moves into its first full period as a publicly traded business.
The company announced on September 15 that Larry King, CPA, had joined as Chief Financial Officer and Heather Clayton as Chief Accounting Officer (https://nnw.fm/d7KSx). The appointments come less than two months after BOXABL began trading on NASDAQ following the completion of its business combination with FG Merger II Corp. The additions are focused on financial reporting, accounting infrastructure and operational controls.
King brings more than 35 years of experience in finance, accounting and operations spanning gaming, manufacturing, hospitality and healthcare. His background includes SEC reporting, mergers and acquisitions, corporate accounting and operational restructuring.
Among his previous roles, King served as CFO of Chukchansi Gold Resort & Casino, where he was responsible for compliance with a $250 million bond indenture and prepared Form 10-K and 10-Q filings. He also served as treasurer and CFO of Riviera Holdings Corporation, a publicly traded company, and held senior finance positions at Tropicana Entertainment and Sahara Hotel & Casino.
His experience also includes work on the sale of Companion Animal Practices North America to Veterinary Centers of America, a transaction valued at $516 million on an enterprise basis. King led accounting integration involving 56 entities in connection with that transaction.
Clayton brings nearly a decade of experience building finance and accounting operations for expanding organizations. She spent six years with the Vegas Golden Knights, progressing from Controller to Vice President of Finance and Accounting and eventually CFO.
During that period, the organization expanded from two entities to 13 in just over two years, while Clayton assumed financial oversight across venues, partner foundations and acquisitions. She later served as CFO of ASTOUND Group, an experiential design and fabrication company.
The appointments address a practical requirement accompanying its transition from a privately financed housing technology company to a public issuer. The company says it has raised more than $230 million from more than 50,000 investors since its founding in 2017. It began trading on NASDAQ as BXBL on July 20, 2026.
“Larry and Heather each bring the kind of finance leadership we need as we build out our public company infrastructure,” said Paolo Tiramani, founder and CEO of BOXABL. “Larry’s deep SEC reporting experience and Heather’s track record scaling complex, multi-entity organizations will be valuable as we strengthen our foundation for the road ahead.”
The timing also comes as BOXABL’s commercial activity increasingly extends beyond individual home sales. On Sept. 9, the company detailed a portfolio of completed and developing projects across several U.S. markets (https://nnw.fm/OwXeS). The examples included a permanent installation of 12 park-model RV Casitas at American Campground in Las Vegas and a Casita supplied for wildfire-relief efforts in Pasadena, California.
In Oklahoma City, a BOXABL developer completed a 12-unit stacked Casita project for Catholic Charities. The same developer subsequently launched the Pasadera Casita Community near Stillwater, Oklahoma, a 12-unit short-term rental development positioned near Oklahoma State University.
BOXABL has also been working with Horizons Getaways on an eco-luxury resort network. The company said it had delivered 10 units to properties in Patrick, South Carolina, and Grapeland, Texas, with additional locations planned.
These projects illustrate the range of applications BOXABL is pursuing for its modular system, from individual units to hospitality and multi-unit developments.
The company’s foundational product remains the Casita, a basic modular unit, incorporating a kitchen, bathroom and utilities. BOXABL’s manufacturing system is designed so the building can be transported in a folded configuration before being expanded and installed at its destination.
BOXABL says its folding construction approach is specifically designed to reduce transportation complexity compared with conventional modular structures. Its technical library includes specifications for studio, one-bedroom and two-bedroom Casita configurations.
The company is now developing stackable and connectable modules intended for larger residential configurations. BOXABL’s developer platform describes applications ranging from single-family housing and townhomes to multifamily projects and other larger structures.
Commercial commitments are beginning to reflect that broader strategy. On Sept. 1, BOXABL announced a multiyear purchase agreement with LC Vegas Acquisitions, LLC covering up to 1,500 homes over three years. The agreement contemplates approximately 500 homes annually, although purchases remain subject to project schedules, site readiness, regulatory approvals and other conditions.
The company makes clear that the agreement does not require all 1,500 homes to be purchased. BOXABL stated that contemplated purchases may be modified, delayed, reduced or terminated under the agreement and that there is no assurance all units will ultimately be purchased, manufactured or delivered.
BOXABL has been expanding its product range alongside that effort. In addition to the Casita, the company has announced the Baby Box, a smaller unit designed around RV-code requirements that remains in the prototype phase, with a production start date not yet determined, while continuing development of larger configurations that can be connected or stacked.
For more information, visit the company’s website at www.Boxabl.com.
NOTE TO INVESTORS: The latest news and updates relating to BXBL are available in the company’s newsroom at https://nnw.fm/BXBL
Cautionary Note Regarding the Business Combination and Capital Structure. BOXABL Inc. became a publicly traded company through a business combination with FG Merger II Corp., a special purpose acquisition company, completed in July 2026, with the shares beginning trading on the Nasdaq Stock Market under the symbol BXBL on July 20, 2026. Companies that become public through special purpose acquisition transactions may be subject to risks including 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 that would permit it to offer up to $500,000,000 of securities over time; any such issuance would be dilutive to existing holders. References to capital raised since inception and to the number of investors are as disclosed by the Company. 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.
Cautionary Note Regarding Forward-Looking Statements. This publication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including projections of market opportunity and market share, estimates of customer adoption, projections of development and commercialization costs and timelines, expectations regarding the Company’s ability to execute its business model, the deployment of the Casita, the development and potential production of the Baby Box and of stackable and connectable modules, the pursuit of additional state regulatory approvals, expectations concerning relationships with customers, developers, strategic partners, suppliers, governments and regulatory bodies, the Company’s public-company reporting and finance infrastructure, and the potential for future projects, including purchases contemplated under developer agreements that are subject to conditions and that may be modified, delayed, reduced or terminated. Such statements are generally identified by words such as “plan”, “project”, “will”, “estimate”, “intend”, “expect”, “believe”, “target”, “continue”, “could”, “may”, “might”, “possible”, “potential” or “predict”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual circumstances, events, or results to differ materially, including manufacturing, supply chain, permitting, regulatory, financing, dilution, listing, competitive and market risks, and other risks identified in the Company’s filings with the Securities and Exchange Commission. Do not place undue reliance on such statements. The forward-looking statements in this publication are made as of the date above and IBN undertakes no obligation to update them.
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