BOXABL — SPAC Merger (April 2026)
43 slides from BOXABL's SPAC merger presentation, Apr 21, 2026
Slide 1: The Company's Purpose Is to Solve the Housing Crisis
THE COMPANY'S PURPOSE IS TO SOLVE THE HOUSING CRISIS
Slide 2: BOXABL
ee BOXABL
Slide 3: Problem
PROBLEM
Slide 4: Housing Hell: The Crisis at a Glance
UNAFFORDABLE 4.7M Home Shortfall 75% of U.S. households cannot afford a median - priced new home as the housing shortfall continues to grow and increases home pricing. Source: Zillow / NAHB 2025 OVERREGULATED 42% Cost Increase Due to Regulation Bureaucratic red tape delays traditional construction p
Slide 5: Home Construction Hasn't Evolved: The Technology Gap
1906 2026 Home Construction Hasn't Evolved The Technology Gap Enabled by the switch to factory production, transportation has evolved. Construction, not so much. BOXABL | Investor Presentation | April 2026 | Image Source: 1 , 2 , 3 , 4 2
Slide 6: Challenges of Stick Built Construction
BOXABL | Investor Presentation | April 2026 | Source: BiosHomes , Project Small House , WBDG | Image Source: 1 , 2 Permitting hurdles Weather damage and delays Local skilled labor shortages Site theft Inconsistent quality and design Difficult warranty recourse No fixed pricing High pricing
Slide 7: Solution
SOLUTION
Slide 8: BOXABL Solves #1 Shipping
BOXABL Solves Homes are typically 70% empty space, 30% fitted space. BOXABL folds the empty space to ship nationally, enabling factory mass production. Engineered to ship two units in one load — maximizing space and cutting typical factory shipping costs. 4 #1 Shipping BOXABL | Investor Presentation
Slide 9: BOXABL Solves #2 Three Modules on the Production Line
BOXABL Solves #2 Three Modules on the Production Line Only three standardized building modules enable ultra - fast linear manufacturing. Tesla builds a car every 40 seconds. Homes are far less complicated. This is the power of the standardized production line. 5 BOXABL | Investor Presentation | Apri
Slide 10: BOXABL Solves #3 Three Modules Can Make Any Shape
BOXABL Solves #3 Three Modules Can Make Any Shape The three standardized building modules can build any residential configuration from a Casita to a large home. 6 Townhomes 1,200 - 2,400sqft Single Family 2,000 - 4,000sqft Large Single Family! 4,000 - 8,400sqft (this configuration 8,400sqft) Multi -
Slide 11: BOXABL Solves #4 Three Modules Can Make Any Style
BOXABL Solves #4 Three Modules Can Make Any Style 7 Shape is separated from style. The module is separate from exterior cladding and trusses. Both can be delivered as plans, kits, or custom options for maximum freedom. Separation is key to enable high speed factory mass production. THE OG U.S. Style
Slide 12: Product
PRODUCT
Slide 13: Radically Simplified Engineering
Specification Radically Simplified Engineering 8 Three folding building shells stack, connect, cantilever, and onboard interior partitions, appliances, and services as required to build versions - of any residential building, size, geometry, and architecture. x Minimum number of total components x M
Slide 14: Floor Plans That Flow
Floor Plans Floor Plans That Flow 400 - 2400sqft | Studio - 4bds | 1 - 3.5ba | 0 - 3gar Steel construction | 10' ceilings | Huge doors & windows Any architectural style 9
Slide 15: Beautiful Interiors
Interiors Beautiful Interiors 10 Obsessively designed to create feel - good spaces, great sightlines, with tall ceilings, and big windows. BOXABL | Investor Presentation | April 2026
Slide 16: Beautiful Exteriors
Exteriors Beautiful Exteriors 11 Perfect proportions create great curb appeal, any style you like. BOXABL | Investor Presentation | April 2026 | Some images may be rendered.
Slide 17: Benefit
BENEF!tT
Slide 18: Cost Comparison: BOXABL vs Traditional Construction
BOXABL Factory Production 2,400 sq ft BOXABL home (estimate) $88/sq ft $213,551 Cost Comparison Total Cost Savings Construction Detail Engineering & Permit Direct Materials Direct Labor Roofing Cladding Shipping & Install Total Cost $22,903.30 $125,575.00 $13,907.00 $9,792.00 $5,824.00 $25,550.00 $2
Slide 19: Direct Material Cost Reduction
Direct Material Cost Reduction - 2022 Baseline - 34% - 43% -70 -60 -50 -40 -30 -20 -10 0 2022 2023 2024 2022 (Baseline) 43% cost reduction achieved since 2022 Lowest Cost Path to Scale Assembly line efficiency, automation, and bulk purchasing drive costs below traditional construction. Unit Cost Tre
Slide 20: The Factory Advantage
Less Cost More Speed High Quality Six Post Industrial Drivers The Factory Advantage 14 BOXABL | Investor Presentation | April 2026 Reconfigurable Less Mold Less Site Waste Less Site Theft
Slide 21: Customer
CUSTOMER
Slide 22: Sales #1 Homeowner
Sales #1 Homeowner 15 Casita Studio Turnkey Price $150K Casita 1 - Bedroom Turnkey Price $195K Casita 2 - Bedroom Turnkey Price $205K Turnkey Casita ownership program with financing and installation for a fixed price,* focused first on the CA market. *Subject to individual site conditions BOXABL |
Slide 23: Sales #2 Small Builder
Sales #2 Small Builder 16 There are millions of small lots in our country. Standard configurations enable small builders to service their communities. x Financing Assistance x Sales Materials Support x Fewer professional fees x Reduced insurance x Single source warranty x Approved State stamped draw
Slide 24: Sales #3 Developer
Sales #3 Developer 17 More Profit x Lower price per sqft x Turn project faster with the same back - office x Less professional fees Less Risk x Reduced insurance x Minimizes site theft and site waste x Eliminate most weather delays x Single source warranty x Full product traceability x Mold resistan
Slide 25: Sales #4 Retail
A new generation of travel trailer that looks and feels like a real studio home, packed with technology to go anywhere. Sales #4 Retail 18 x Patented self leveling 4WD carrier x Pull with the vehicle you own x Auto lowers to the ground for easy walk in x Kitchen, living room, full size bathroom x Hu
Slide 26: Sales #5 Commercial
BOXABL | Investor Presentation | April 2026 19 Sales #5 Commercial Tier one supplier collaborating with the world’s largest technology companies.
Slide 27: Sales #6 Public Sector
Sales #6 Public Sector 20 Developing FEMA, military, workforce, & homeless. Thermally superior rapid assembly structures. BOXABL | Investor Presentation | April 2026 | Some images may be rendered. Flat pack and 20 minutes assembly
Slide 28: Milestones
MILESTONES
Slide 29: Manufacturing Proving Ground
400,000sqft of Factories Manufacturing Proving Ground 21 An automated factory can produce more volume with less labor. Compared to a manual factory of the same size. BOXABL | Investor Presentation | April 2026 | Source: InsideEvs
Slide 30: A Powerful Brand
35M+ Website Views in the last 12 months 750M+ Social Media Views across all platforms since 2017 200K+ Customer Inquiries through our website since 2017 A Powerful Brand 22 BOXABL | Investor Presentation | April 2026 One of the world’s largest crowdfunds with $235MM raised. A Big Brand Built By Med
Slide 31: 800+ Homes Built
800+ Homes Built NV, CA, UT, OK, HI+ States Deployed AK, CA, CT, DE, KS, NY, OK, OR, UT, VT, WV, & WY States Approved Home Delivered 23 BOXABL | Investor Presentation | April 2026
Slide 32: BOXABL Is a Technology Company
BOXABL Is a Technology Company IP MOAT 24 An IP portfolio with mechanical patent filings and growing. 53
Slide 33: Outlook
OUTLOOK
Slide 34: Big Market, Big Opportunity
Outlook Big Market, Big Opportunity 25 TAM (Total Addressable Market) $2.2T FRED MSPUS Q4 2025; Realtor.com (2025); Census HOUST (2025) 5.4M homes needed: 4.03M shortfall + 1.36M annual starts at $405K median price. SAM (Serviceable Addressable Market) $36B Custom Market Insights (2024); Census MHS
Slide 35: Digital Preparedness
Digital Preparedness AI is the 3rd Industrial Revolution 26 This will be the first time in history that the cost of goods and services is not based on a formula of the price of human la bor . Physical tech companies, and especially makers of big things, like BOXABL, are best positioned to take advan
Slide 36: Business Lines Outlook
Business Lines Outlook Lower - margin physical product is the carrier for recurring higher - margin services. BUSINESS LINES SERVICES LINK - Mortgage Fee - SaaS - Insurance - Extended Warranties - Maintenance 1. Homeowner 2. Small Builder 3. Developer 4. BOXABL Communities 5. Retail 6. Commercial 7.
Slide 37: Acquisition Targets: Own the Stack
Acquisition Targets “Own the Stack” 28 With time and scale, opportunities arise for vertical integration to lower costs, speed up fulfillment, add value to the ecosystem, and create a strong moat . has engineered a comprehensive building system to enable the acquisition of the relevant supply catego
Slide 38: The Factory is the Product
The Factory is the Product Statement of Intent The time and cost of replicating the system is significantly less than the cost of originating it. Enabling BOXABL to franchise nationally and internationally quickly once the system is fully proven. X 29 BOXABL | Investor Presentation | April 2026 | So
Slide 39: Leadership
LEADERSHIP
Slide 40: Leadership Team
American futurist, degrees in industrial design and mechanical engineering, 155 patent filings, and related IP licensing to Fortune 500 companies. A graduate of Stony Brook with a Bachelors of Science in Mechanical Engineering (BSME). With 50 civil and automotive mechanical patent filings. Served as
Slide 41: This presentation (this “Presentation”) is being furnished for the exclusive use of, and solely
This presentation (this “Presentation”) is being furnished for the exclusive use of, and solely for the purpose of assisting, the parties (such parties, together with their subsidiaries and affiliates, the “Recipients”) to whom it is addressed in making their independent evaluation with respect to a
Slide 42: Disclosures
Disclosures Industry and Market Data In this Presentation, the Company and SPAC rely on and refer to certain information and statistics regarding the markets and industries in which the Company competes . Such information and statistics are based on the Company’s management’s estimates and/or obt
Slide 43: Thank You!
THANK YOU! About BOXABL BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for in