Material Event (Form 8-K)

Item 8.01. Other Events.

Boxabl Inc. (the "Company"), the innovative technology company revolutionizing the homebuilding industry with its foldable homes, announces the launch of its Next Generation Products, including the Baby Box and Phase Two Modular Building System.

Baby Box - The Company is launching the sales of a 120 sq foot towable RV tiny home which is a small home on wheels and is expected to have an introductory price of $19,999 (MSRP $30,000).

Phase 2 Modular Building System - The Company is launching its next generation Boxes (modules) that stack and/or connect allowing a system where customers are able to configure and customize the Boxes to build different building types and floorplans. This new product lineup is expected to include single family dwellings, townhouses, and apartment homes, expanding the attainable market for the Company. The Company's new generations of Boxes (modules), now featuring 10ft ceilings, include 20X20 (400 sq ft), 20X30 (600sq ft), and 20X40 (800 sq ft) Boxes featuring 10 ft ceilings. As with the Casita, the Boxes fold for effective shipping, and include a full kitchen with appliances. The new modules are expected to be built in a sustainable manner, intended to significantly reduce the carbon footprint compared with traditional construction, and at a high level of quality designed to result in a building that is energy efficient, water resistant, wind and snow load highly rated, fire resistant, mold resistant, cost effective and durable.

Examples of possible floorplans using the Boxes (modules) include 600 sq. foot, 800 sq. foot, 1,200 sq. foot and 1,400 sq. foot townhome configurations. The 600 sq foot configuration accommodates a 1-bedroom and 1-bathroom home. The 800 sq foot configuration provides for a 2-bedroom and 1-bathroom home with an option to add a second bathroom. The 1,200 sq foot configuration provides for a 3-bedroom, 1.5-bathroom home, and the 1,400 sq foot configuration adds an additional bathroom. The Company is offering its modular building system initially to B2B customers and sales will be subject to minimum order quantities.

With these new modular houses, the Company will use a different building technology than the previous generation of Boxabl homes, with a light gauge steel construction that is expected to costs less to build and provide for better fire ratings and structural ratings.