BOXABL, a company transforming the housing market with its modular building systems, announced that FG Merger II Corp. (NASDAQ: 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 and noted that public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. Following completion of the merger, FGMC is expected to be renamed BOXABL, Inc. and re-list on Nasdaq under the ticker symbol 'BXBL.' The deadline for public stockholders to exercise redemption rights is June 5, 2026, at 5 p.m. ET.
This news matters because it represents a significant step for BOXABL in its mission to address housing affordability and supply challenges. Founded in 2017, BOXABL aims to deliver affordable, high-quality homes at unprecedented speed through its innovative modular building systems. The company's 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. 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 proposed merger could have significant implications for the housing industry and investors. By going public, BOXABL would gain access to capital markets to scale its manufacturing and distribution, potentially accelerating the adoption of modular housing as a solution to the housing crisis. For investors, the merger offers an opportunity to participate in a company that has attracted worldwide attention for its approach to solving housing challenges. The transaction also highlights the continued use of SPACs as a vehicle for innovative companies to access public markets.
For more information on the proposed business combination, the full press release is available at https://ibn.fm/wSXgO. Details about BOXABL can be found at https://www.boxabl.com/ir, and information on FG Merger II Corp. is available at https://fgmerger.com/.
