BOXABL and FG Merger II Corp. Stockholders Approve Business Combination

BOXABL Inc. and FG Merger II Corp. have announced that stockholders from both companies have approved their previously announced business combination, paving the way for BOXABL to become a publicly traded entity on the Nasdaq. The special meetings held on June 9, 2026, resulted in overwhelming support for the transaction, which is expected to close shortly. Upon completion, FG Merger II Corp. will be renamed BOXABL Inc., and the combined company will begin trading under the ticker symbol 'BXBL'. BOXABL is set to retain approximately 20%, or $14 million, in cash from the trust.

BOXABL, founded in 2017, is at the forefront of transforming the housing market through its modular building systems. The company’s flagship product, the Casita, is a 361 square foot studio unit designed for rapid deployment, capable of being set up in less than an hour on-site. This innovative approach addresses significant housing challenges, offering affordable and high-quality homes. BOXABL's product line is expanding, with plans for smaller units and stackable models that can be combined to create multifamily housing solutions. The company’s mission aligns with growing demands for efficient and cost-effective housing solutions, particularly in urban areas.

FG Merger II Corp., a special purpose acquisition company (SPAC), was formed to facilitate mergers and acquisitions with promising businesses. The approval of the business combination reflects investor confidence in BOXABL's unique business model and the substantial market opportunity it addresses. Larry Swets, CEO of FG Merger II Corp., emphasized the strong stockholder support as a testament to the investment community's belief in BOXABL's innovative approach to construction and housing.

The combination of BOXABL and FG Merger II Corp. comes at a time when the housing sector is increasingly focused on affordability and sustainability. As housing prices continue to rise in various markets, the demand for alternative housing solutions, such as modular homes, is expected to grow. The public listing of BOXABL will provide the company with access to capital markets, enabling it to accelerate its growth and expand its product offerings. This transaction underscores the rising trend of SPACs as a viable route for companies in the construction and housing sectors to access public funding.

In summary, the impending merger between BOXABL and FG Merger II Corp. marks a significant milestone for both companies. As BOXABL transitions to a publicly traded entity, it is well-positioned to leverage its innovative building solutions to meet the increasing demand for affordable housing. The broader market implications suggest a shift towards more sustainable and efficient construction methods, reflecting changing consumer preferences and economic pressures within the housing market. The successful completion of this transaction could set a precedent for future SPAC deals in the construction sector.