BOXABL and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies approved the previously announced business combination at their respective special meetings held June 9, 2026. Upon completion of the transaction, FGMC will be renamed BOXABL Inc., with the combined company’s common stock expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL.
BOXABL said 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.
This move is significant as it underscores the growing trend of modular housing companies seeking public funding to scale operations amid a nationwide housing shortage. BOXABL, founded in 2017, 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 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 also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no-foundation setups. Additionally, the company is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes. The approval of this business combination provides BOXABL with the financial resources to ramp up production and distribution of these innovative housing solutions.
For investors and the housing industry, this development signals a potential shift toward factory-built homes as a viable solution to address affordability and speed of construction. By going public, BOXABL gains credibility and access to capital markets that can fuel its growth trajectory. The transaction also highlights the role of SPACs in bringing innovative companies to public markets. FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
The combined company is expected to leverage BOXABL’s proprietary technology and modular approach to disrupt traditional construction methods. As housing costs continue to rise, the ability to produce homes quickly and affordably could have a profound impact on communities facing housing shortages. For more information, visit https://www.boxabl.com/ir and https://fgmerger.com/. The latest news and updates relating to FGMC are available in the company’s newsroom at https://nnw.fm/FGMC.
