FG Merger II Corp. (NASDAQ: FGMC), a special purpose acquisition company, announced that its stockholders will vote on June 9, 2026, on the proposed business combination with BOXABL, a company transforming the housing market with modular building systems. The transaction is expected to take BOXABL public, and upon closing, FGMC is expected to be renamed BOXABL, Inc. and re-list on Nasdaq under the ticker symbol 'BXBL'. Public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. The deadline for public stockholders to exercise redemption rights is June 5, 2026, at 5 p.m. ET.
BOXABL, founded in 2017, aims to deliver affordable, high-quality homes at unprecedented speed through its innovative modular building systems. Its 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 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.
The business combination could have significant implications for the housing industry. As housing affordability continues to be a pressing issue, BOXABL's ability to produce homes quickly and at lower costs may offer a scalable solution. By going public, BOXABL would gain access to capital markets to accelerate production and expand its reach. For investors, the merger presents an opportunity to participate in a company that addresses a critical market need. FGMC is encouraging stockholders to vote in favor of the transaction, and those who hold their shares through the merger will become part of BOXABL's future growth.
For more information about BOXABL, visit https://www.boxabl.com/ir. For details on FG Merger II Corp., visit https://fgmerger.com/. The latest news and updates relating to FGMC are available in the company's newsroom at https://ibn.fm/FGMC.
