BOXABL, a company transforming the housing market with its modular building systems, announced that FG Merger II Corp. (FGMC) stockholders will vote on June 9, 2026, on the proposed business combination that would take BOXABL public. FGMC is encouraging stockholders to vote in favor of the transaction and noted that public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. Following completion of the merger, FGMC is expected to be renamed BOXABL, Inc. and re-list on Nasdaq under the ticker symbol 'BXBL.' The deadline for public stockholders to exercise redemption rights is June 5, 2026, at 5 p.m. ET.
The vote is a critical milestone for BOXABL, which aims to address housing affordability and availability challenges through its innovative approach. Founded in 2017, BOXABL’s flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities that unfolds on-site in less than an hour. The company also announced the Baby Box, a smaller 120 square foot unit built to RV code 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 investors and the housing industry, this merger represents a potential shift in how homes are built and delivered. BOXABL’s manufacturing process could dramatically reduce construction time and costs, making homeownership more accessible. The company's ability to go public via a SPAC merger provides capital to scale production and expand its product line. The implications for the housing market are significant: if BOXABL succeeds, it could disrupt traditional homebuilding and offer a solution to the national housing shortage.
FG Merger II Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger or similar business combination. The merger is subject to stockholder approval and other customary conditions. More details are available in the full press release at https://ibn.fm/wSXgO.
Forward-looking statements in this article involve risks and uncertainties, including those set forth in FGMC's SEC filings. All parties undertake no duty to update this information unless required by law.
