LOS ANGELES, CA - June 10, 2026 - 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 merger is significant because it marks a milestone for the housing industry. 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. 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. The company is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes. With access to public capital, BOXABL can accelerate production and scale its manufacturing capabilities, potentially impacting the housing shortage by delivering more affordable units faster.
For investors, the approval clears the path for BOXABL to become a publicly traded entity, offering exposure to the modular housing sector. The combination also provides FG Merger II Corp., a blank check company or SPAC, with a merger partner that has a tangible product and revenue potential. For more information on the transaction, view the full press release at https://nnw.fm/vNtkY.
BOXABL’s modular building systems aim to address housing affordability and speed of construction, which are critical issues in many markets. By going public, the company can raise funds to expand production and distribution, which could lower costs and make homeownership more accessible. The Casita’s ability to unfold in under an hour represents a radical departure from traditional construction timelines. As the company develops larger, stackable units, it could serve multifamily and townhome projects, potentially reshaping urban development.
The merger also highlights the continued use of SPACs to bring innovative companies to public markets. About FG Merger II Corp., it is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. For more information, visit https://fgmerger.com/.
Forward-looking statements in this article involve risks and uncertainties. See full terms of use and disclaimers on the InvestorBrandNetwork website at http://IBN.fm/Disclaimer. The original release can be viewed on www.newmediawire.com.
