BOXABL and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies approved their previously announced business combination at special meetings held on June 9, 2026. Upon completion of the transaction, FGMC will be renamed BOXABL Inc., and the combined company's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL.
BOXABL stated that 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.
BOXABL 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. The company'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 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.
This business combination marks a significant milestone for BOXABL, enabling it to accelerate its mission of addressing housing affordability and availability. By going public, BOXABL gains access to capital that can be used to scale production, expand its product lineup, and potentially lower costs. For the housing industry, this could mean increased adoption of modular construction methods, which promise faster build times and reduced labor costs. For consumers, especially those struggling with high home prices, BOXABL's affordable units could provide new options. The company's focus on factory-built homes that can be quickly assembled on-site aligns with broader trends in construction technology and the need for efficient housing solutions amid persistent shortages.
The approval of the business combination also highlights the continued role of SPACs in bringing innovative companies to public markets. FG Merger II Corp., a blank check company, was formed specifically for the purpose of effecting a merger or similar business combination. For investors, the listing of BOXABL on Nasdaq provides a new opportunity to participate in the growth of a company targeting the housing sector with a disruptive approach.
More information about BOXABL can be found at https://www.boxabl.com/ir, and details about FG Merger II Corp. are available at https://fgmerger.com/. The full press release is accessible at https://nnw.fm/vNtkY.
