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Update: Boxabl Shares Rise After Developer Signs Deal for Up to 1,500 Modular Homes

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(Updates with the latest stock movement in the headline and first paragraph.)

Boxabl (BXBL) shares rose 4.6% in Tuesday trading after the company said LC Vegas Acquisitions agreed to buy up to 1,500 of its factory-built homes over a three-year period.

Purchases are expected to occur in phases, with about 500 homes a year, subject to project schedules, site readiness and regulatory approvals, Boxabl said Tuesday in a statement. The homes will be configured to meet project-specific requirements.

The agreement does not guarantee purchases, and units may be modified, delayed, reduced or terminated under its terms, the company said.

Price: $4.07, Change: $+0.18, Percent Change: +4.63%

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