BOXABL, a company specializing in foldable modular homes, and FG Merger II Corp. (FGMC), a special purpose acquisition company, announced that FGMC stockholders will vote on June 9, 2026, regarding their proposed business combination. If approved, the merger would result in FGMC being renamed BOXABL, Inc. and re-listed on Nasdaq under the ticker symbol “BXBL.” FGMC is encouraging stockholders to vote in favor of the transaction, emphasizing that 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.
This merger is significant because it would provide BOXABL with access to public capital markets, which could accelerate its mission to deliver affordable housing at scale. Founded in 2017, BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Its flagship product, the Casita, is a 361 square foot studio unit that includes a full kitchen, bathroom, and utilities, and unfolds on-site in less than an hour. The company also offers the Baby Box, a smaller 120 square foot unit built to RV code for simpler setups, and is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
As housing affordability remains a critical issue globally, BOXABL’s innovative approach—manufacturing homes that fold and unfold quickly—could offer a scalable solution. The company’s ability to produce units in its own facilities and its plans for larger, multi-unit configurations position it to serve both individual homeowners and developers. For more information about BOXABL, visit https://www.boxabl.com/ir. Details about FG Merger II Corp. can be found at https://fgmerger.com/.
The forward-looking statements in this announcement, as defined in the Private Securities Litigation Reform Act of 1995, involve risks and uncertainties that could affect the merger’s outcome. These include factors such as market conditions and regulatory approvals. Investors are advised to review the risk factors in FGMC’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. For the full press release, visit https://ibn.fm/wSXgO.
