BOXABL and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies have approved the previously announced business combination at their respective special meetings held on June 9, 2026. Upon completion of the transaction, FGMC will be renamed BOXABL Inc., with the combined company’s common stock expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL.
BOXABL said its stockholders approved the business combination proposal, while FGMC stockholders approved all proposals required to complete the transaction, including the business combination, governance, stock issuance and director election proposals. Company executives said the combination will provide BOXABL with access to public capital markets to support expansion of its factory-built housing platform and accelerate growth as a publicly traded company.
This merger marks a significant milestone for BOXABL, a company that is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. BOXABL’s flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. The Casita unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. BOXABL also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation-setups. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or 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 approval of this business combination is a key step for BOXABL to become a publicly traded company, providing it with the capital necessary to scale its production and expand its market reach. For more information on BOXABL, visit https://www.boxabl.com/ir. For more information on FG Merger II Corp., visit https://fgmerger.com/.
The implications of this merger are significant for the housing industry. BOXABL’s factory-built homes offer a solution to the housing affordability crisis by reducing construction time and costs. With access to public markets, BOXABL can accelerate its growth, potentially increasing the supply of affordable housing. This could impact homebuyers, builders, and investors alike, as the company’s innovative modular building systems gain traction in a market starved for affordable options. The successful completion of this business combination is expected to close soon, subject to customary conditions.
