BOXABL Gains South Carolina Approval, Secures Horizons Getaways Contract for Multi-State Eco-Luxury Cabin Resorts Expansion

Rhea-AI Summary

BOXABL Inc., merging with FG Merger Corp. (NASDAQ: FGMC), has secured regulatory approval in South Carolina and announced a significant contract with Horizons Getaways for luxury cabin resorts. The deal includes 150 Casita units to be deployed across six states, starting with South Carolina.

The partnership leverages BOXABL's 361-square-foot Casita modular homes to tap into the $831.5 million U.S. glamping market, which is projected to reach $1.5 billion by 2030 with a 12.8% CAGR. The Casitas will be integrated into luxury resort developments featuring spas, clubhouses, and working-farm environments, targeting the growing millennial and Gen Z demographic that represents over 50% of glamping bookings.

Positive

• Secured regulatory approval in South Carolina, enabling market expansion
• Contract for 150 Casita units across six major states
• Targeting $831.5M glamping market with 12.8% CAGR through 2030
• 90% reduction in construction waste and significant installation time savings
• Strategic positioning in high-margin luxury glamping segment

Negative

• Pending S-4 registration process completion adds regulatory uncertainty
• Success dependent on Horizons Getaways' ability to execute multi-state expansion

Insights

Business Development Strategist

BOXABL's SC approval and 150-unit Horizons Getaways deal accelerates revenue growth and market penetration in the booming glamping sector.

BOXABL has achieved a dual milestone that significantly advances its market position. The South Carolina regulatory approval eliminates a critical barrier to entry in a new state market, while the multi-million dollar Horizons Getaways contract for 150 Casita units provides immediate revenue visibility across six states. This partnership is strategically aligned with the $831.5 million U.S. glamping market, which is growing at a 12.8% CAGR toward $1.5 billion by 2030.

The contract demonstrates impressive product-market fit in the high-margin luxury outdoor accommodation segment dominated by millennial and Gen Z consumers, who represent over 50% of bookings. BOXABL's modular solution addresses critical industry challenges: regulatory complexity (as evidenced by the South Carolina approval process), construction efficiency (reducing waste by 90%), and significantly compressed deployment timelines.

What's particularly valuable is the multi-state expansion roadmap, with confirmed developments planned for Tennessee, Texas, Florida, California, and Ohio following the South Carolina launch. This creates a clear scaling trajectory and potentially establishes a replicable model for similar partnerships in the hospitality sector. The ongoing S-4 registration process with FG Merger Corp. suggests this deal timing is strategic, potentially enhancing BOXABL's valuation narrative ahead of public market access.

LAS VEGAS, Sept. 26, 2025 /PRNewswire/ -- BOXABL Inc., a pioneering leader in revolutionary modular housing solutions, which is currently in a S-4 registration process for its previously announced merger with FG Merger Corp. (NASDAQ: FGMC), announced its regulatory approval for deployment in South Carolina. This milestone enables a landmark manufacturing and supply contract with Horizons Getaways, a fast-growing brand redefining the outdoor experience through a new level of cabin resort experience. The agreements include the delivery of 150 Casita units, starting with South Carolina as the first in line, followed by developments in Tennessee, Texas, Florida, California, and Ohio.

The partnership leverages BOXABL's flagship Casita—a 361-square-foot modular home designed for rapid assembly, energy efficiency, and seamless integration into natural environments—to power Horizons Getaways' vision of sustainable luxury. Besides staying in the most comfortable, fully equipped Casitas, guests will have access to a luxurious spa with saunas, steam rooms, pools, and more, plus a clubhouse with a professional kitchen, stage, and everything needed for the perfect outdoor event. These are to be set in scenic, working-farm locations across these states, beginning with South Carolina's Lowcountry and Upcountry regions.

"This South Carolina approval and multi-state contract with Horizons Getaways solidify BOXABL's leadership in the $831.5 million U.S. glamping market, projected to reach $1.5 billion by 2030 at a 12.8% CAGR," said Martin Costas, CFO of BOXABL. "Our Casita's sustainable design and rapid deployment make it the ideal solution for this high-growth sector. As we advance through the S-4 process for our merger with FGMC, this partnership underscores our momentum and strategic positioning in high-demand markets." [Source: Grand View Research, 2025]

The U.S. glamping industry is thriving, driven by millennials and Gen Z, who account for over 50% of bookings, seeking wellness-focused escapes near urban hubs. BOXABL's foldable, truck-shippable Casitas reduce construction waste by 90% and installation time by months, addressing regulatory and supply chain challenges in this high-margin niche.

These documents can be accessed free of charge at the SEC's website (www.sec.gov) or by contacting BOXABL's investor relations team.

For more on Horizons Getaways' innovative glamping resorts, visit www.gohorizons.com.

About BOXABL
BOXABL is transforming the housing industry with innovative, factory-built modular homes that are affordable, sustainable, and designed for the future. Its patented Casita technology enables rapid deployment of high-quality living spaces, from urban micro-homes to resort accommodations. BOXABL continues to partner with forward-thinking brands to address global housing and hospitality needs. Learn more at www.BOXABL.com.

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SOURCE Boxabl

FAQ

What is the size of the contract between BOXABL and Horizons Getaways?

The contract includes the delivery of 150 Casita units across six states, starting with South Carolina and expanding to Tennessee, Texas, Florida, California, and Ohio.

What is the market potential for BOXABL (FGMC) in the glamping industry?

BOXABL is targeting the $831.5 million U.S. glamping market, which is expected to reach $1.5 billion by 2030, growing at a 12.8% CAGR.

What are the specifications of BOXABL's Casita units?

The Casita is a 361-square-foot modular home designed for rapid assembly and energy efficiency, featuring foldable, truck-shippable construction that reduces waste by 90%.

Which states will BOXABL expand to with Horizons Getaways?

BOXABL will expand across six states: South Carolina (first location), followed by Tennessee, Texas, Florida, California, and Ohio.

What is the current status of BOXABL's merger with FGMC?

BOXABL is currently in an S-4 registration process for its previously announced merger with FG Merger Corp. (NASDAQ: FGMC).