On July 12, 2024, BOXABL Inc. (the “Company”) received notification from the Securities and Exchange Commission’s Division of Enforcement (the “Division”) that it has concluded its investigation of the Company and does not intend to recommend any enforcement action at this time.
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“We are appreciative of the SEC’s thorough review and recent decision. The SEC’s review spanned nearly a year and included our production of hundreds of thousands of documents and information. Boxabl’s books and records remain open and available for inspection when required by any governmental agency. Boxabl will always run a transparent, truthful and ethical company under our leadership, trying to do the best for its investors and dedicating itself to solving the housing crisis. The scale of the housing issue and the potential opportunity are both massive. We continue to make remarkable strides as we scale to achieve that goal.” Paolo Tiramani BOXABL CEO
Paolo Tiramani, founder and CEO of Boxabl, right, and son and co-founder Galiano Tiramani
Since June 2023, with the appointment of the Board of Directors, BOXABL Inc. has significantly increased the focus of its corporate governance and compliance. Jointly with this effort, the company attracted new talent including, but not limited to, Martin Costas as the Chief Financial Officer. The Company also implemented new policies, procedures, including a new Code of Ethics and Business Conduct, and invested in best-in-class systems.
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