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, noting 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. Following completion of the merger, FGMC is expected to be renamed BOXABL, Inc. and re-list on Nasdaq under the ticker symbol “BXBL.”
The vote marks a critical milestone for BOXABL, which aims to address the affordable housing crisis through its innovative approach to home construction. Founded in 2017, BOXABL has developed 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 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. The company is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
The importance of this merger lies in its potential to accelerate BOXABL's mission to solve housing challenges for individuals and communities worldwide. By going public, BOXABL would gain access to capital markets to scale its manufacturing and expand its reach. The housing industry faces significant headwinds, including rising costs and labor shortages, and BOXABL's approach offers a faster, more affordable alternative. If the merger is approved, it could signal a shift toward modular construction as a mainstream solution to housing affordability.
For more information on the merger, view the full press release at https://ibn.fm/wSXgO. Details about BOXABL are available at https://www.boxabl.com/ir. 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. More information is at https://fgmerger.com/.
The outcome of the vote will be closely watched by investors and the housing industry. If successful, BOXABL would join the ranks of publicly traded companies disrupting traditional homebuilding. The company's ability to deliver a home that unfolds in under an hour has attracted worldwide attention, and the merger could provide the resources needed to meet growing demand. However, as with any SPAC transaction, there are risks, and the forward-looking statements in the announcement are subject to the risks set forth in the company's SEC filings. For full terms of use and disclaimers, visit http://IBN.fm/Disclaimer.
