BOXABL, a company transforming the housing market with its modular building systems, and FG Merger II Corp. (NASDAQ: FGMC) have announced that the U.S. Securities and Exchange Commission has declared effective their joint registration statement on Form S-4 related to their proposed business combination. This milestone moves BOXABL closer to becoming a publicly traded company, with shareholder meetings scheduled for June 9, 2026, and closing expected shortly thereafter, subject to customary conditions. The combined company is expected to trade on Nasdaq under the ticker symbol BXBL.
This announcement is significant for the housing industry and investors alike. BOXABL’s innovative approach to affordable housing has attracted worldwide attention. Its flagship product, the Casita, is a 361 square foot studio unit that includes a full kitchen, bathroom, and utilities. The Casita unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. The company has also announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no-foundation setups. Additionally, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
For the housing market, BOXABL’s technology promises to deliver affordable, high-quality homes at unprecedented speed, potentially addressing housing shortages and affordability crises in many regions. The company’s modular building systems could disrupt traditional construction methods, reducing build times and costs. For investors, the public listing provides an opportunity to participate in a company that aims to solve fundamental housing challenges.
FG Merger II Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The merger with BOXABL aligns with FG Merger II’s strategy to combine with an innovative company in a high-growth sector.
The full terms and conditions of the business combination are detailed in the registration statement, which includes forward-looking statements as defined in the Private Securities Litigation Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially. Investors are advised to review the risk factors discussed in the company's filings with the SEC, including those under "Risk Factors" in the Annual Report on Form 10-K and subsequent quarterly reports.
For more information on BOXABL, visit https://www.boxabl.com/ir. For details on FG Merger II Corp., visit https://fgmerger.com/. The original press release is available at https://ibn.fm/3QTEV. Disclaimers and terms of use for content provided by IBN can be found at http://IBN.fm/Disclaimer.
