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        NEXII Inc. has completed the acquisition of Nexii Building Solutions' assets and is planning to relaunch its products and rebuild its operations. It also appointed Bill Tucker as bridge CEO to oversee restructuring and expansion.
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        Tucker will be responsible for restructuring and expanding NEXII to build a profitable company driving impactful change in carbon reduction and schedule enhancement in the North American construction industry.&nbsp;
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    <a href="https://www.globenewswire.com/news-release/2024/07/30/2920868/0/en/NEXII-Buyer-3-Gates-announces-plan-to-relaunch-and-rebuild.html">
      Press release
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Prefab Tech

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 <p>NEXII Inc. has acquired Nexii Building Solutions' assets and plans to relaunch its product line and operations. The company has also hired Bill Tucker as bridge CEO to manage restructuring and expansion efforts.</p>
 <p>Tucker will lead NEXII in a direction towards profitability, focusing on significant changes that will reduce carbon and enhance scheduling in the North American construction industry.&nbsp;</p>
 
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Nexii announces relaunch plan after asset acquisition; appoints Bill Tucker as bridge CEO for restructuring

PROMINENT_CATEGORY

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 <p>ICON, a 3D printing construction company from Texas, has launched a new housing development located in Wimberley Springs, around 40 miles to the south of Austin. This development consists of eight individual homes, which have been designed using ICON's digital architecture catalog. The starting price for these homes is in the upper range of USD 800,000. The space in these homes range between 2,800 and 4,000 square feet, providing four to five bedrooms. The designs for these homes blend elements from ICON's collections named AlphaBeta and TexNext.</p>
 
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ICON launches 3D-printed homes in Wimberley Springs

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 <p>Canadian company Nexii, which manufacturers prefabricated buildings, has been purchased by Nexiican Holdings Inc. and Nexii Inc. for USD 500,000. Additionally, the purchasers will take on over USD 20 million in debt through a court-approved bankruptcy sale.</p>
 <p>The acquirers of the company are Blake Beckham, a Texas-based lawyer, and Russ Lambert, president of Nexii Inc. They have assumed debt obligations of USD 22 million and are set to decide the future operations of the Nexii manufacturing plant in Squamish.</p>
 <p>Nexii's sale concludes the company's period of financial instability and legal issues that led it to seek creditor protection earlier this year.</p>
 
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Nexii Building Solutions carries out bankruptcy sale

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 <p>The Canadian company Nexii, known for manufacturing prefabricated buildings, is being acquired for USD 3 million by a consortium directed by its own senior management and several Canadian entities. The company had previously filed for creditor protection due to financial issues.</p>
 <p>The buying consortium, already informed about Nexii's operations, plans to continue working on existing contracts and maintaining the company's operations post-acquisition. Additionally, an extension of the creditor protection has been requested by the court-appointed monitor to facilitate the transaction process.</p>
 <p>From the sale, a percentage of assets, including some contracts, will be excluded by the company. Nexii is currently in talks with a number of interested parties for the acquisition of these remaining assets.</p>
 
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Nexii acquired by senior management-led consortium of buyers for USD 3 million

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 <p>Modulous, a construction startup specializing in modern methods, has gone bankrupt. Reports confirm it owes GBP 6.2 million to creditors, with only GBP 7,397 available for repayment. The company's liquidation was confirmed last week.</p>
 
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Modulous goes into liquidation; owes GBP 6.2 million to creditors

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 <p>ZenniHome, a prefab housing unit developer, has secured a USD 74 million grant from the Navajo Nation. This funding consists of USD 50 million from the Community Housing and Infrastructure Department for the construction of up to 250 prefab housing units for high-need residents in the Navajo Nation, and USD 24 million from the American Rescue Plan Act (ARPA) to establish a second factory at the previous Navajo Generating Station site.&nbsp;</p>
 <p>An additional USD 36 million can be obtained by the company, aiding the project's completion. Future collaboration between Navajo Nation and ZenniHome will encompass initiatives like housing for veterans and addicts.</p>
 <p>ZenniHome produces modular, prefab housing units suitable for single-family homes, multi-family developments, and accessory dwelling units (ADUs). It provides two steel-framed units featuring sustainable design principles and smart-home attributes like robotic walls and furniture. These include a one-bedroom 320 sq ft home at USD 90,000, and a two-bedroom 640 sq ft home from USD 125,000. The company also states that its modular units can be vertically stacked up to five floors.</p>
 
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ZenniHome receives USD 74 million as grant from Navajo Nation

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<p>ICON, a construction firm using 3D printing technology, has unveiled Phoenix, a 3D printer with a robotic arm. This printer is designed to create fully enclosed, multi-story structures using a low-carbon compound. Phoenix boasts a reach of 70 ft, allowing it to construct buildings up to 27 ft tall. The printer uses a gantry system to distribute Lavacrete, ICON's exclusive cement mixture, through a gyroscope-stabilized nozzle. </p>

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ICON Unveils Phoenix, a robotic-arm-mounted 3D printer, for multi-story structures

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 <p>Apis Cor, a company that develops 3D-printed houses and buildings, has received an undisclosed strategic investment from D.R. Horton, a US homebuilder. This collaboration will focus on the creation of a 3D-printed wall system for a multi-unit construction project in South Florida.</p>
 
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Apis Cor receives strategic investment from home builder D.R. Horton

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 <p>Assembly Corp, a Toronto-based company that creates prefab modular housing using mass timber and was previously known as R-Hauz, has secured an investment of CAD 1.25 million (USD 1 million) from The Atmospheric Fund (TAF). This investment will be utilized for the development of the company's environment-friendly, budget-friendly housing projects.</p>
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Assembly Corp. raises CAD 1.25 million

INCUMBENTS_PRESENT

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 <p>Housing developer Lennar acquired Veev, a modular construction company. Veev previously announced imminent closure in November 2023, due to a sudden cancellation of a capital-raising effort. The closure was attributed to the challenging market conditions and inability to secure necessary additional funding.</p>
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All Updates

Nexii announces relaunch plan after asset acquisition; appoints Bill Tucker as bridge CEO for restructuring

ICON launches 3D-printed homes in Wimberley Springs

Nexii Building Solutions carries out bankruptcy sale

Nexii acquired by senior management-led consortium of buyers for USD 3 million

Modulous goes into liquidation; owes GBP 6.2 million to creditors

ZenniHome receives USD 74 million as grant from Navajo Nation

ICON Unveils Phoenix, a robotic-arm-mounted 3D printer, for multi-story structures

Apis Cor receives strategic investment from home builder D.R. Horton

Assembly Corp. raises CAD 1.25 million

Lennar acquires modular housing developer Veev

Prefab Tech

Nexii announces relaunch plan after asset acquisition; appoints Bill Tucker as bridge CEO for restructuring

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