In its six years of existence, Boxabl has captured the public's imagination with its innovative tiny homes and celebrity endorsements from the likes of Elon Musk and the musician Post Malone.
Three former company employees, meanwhile, said they had been contacted and interviewed in recent weeks by the SEC to speak about Boxabl, including the company's business practices.
In its recent financial statement, Boxabl noted that the remaining units "that were previously reserved for that project can now be sold for other projects."
In its recent financial filing, Boxabl said it paid Firooznia $210,000 in 2022 for "consulting services."
Leader Capital would have netted roughly $3.7 million in the deal, which it said fell apart because of the delay.
Persons:
Boxabl, Elon Musk, Post Malone, cofounders, Paolo, Galiano Tiramani, Cory Jarvis, Dave Cherry, Travis Hess, Hess, Pronghorn, it's, Hamid Firooznia, Firooznia, Caroline Larkin, Paolo Tiramani, Larkin
Organizations:
Securities, Exchange, SEC, Arizona's Department of Housing, Staff, Pronghorn, Leader
Locations:
Salt Lake City , Utah, North Las Vegas, Guantánamo, Arizona, Arizona , California, Nevada, New York City, Portland , Oregon