BOXABL, a modular housing company, and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies have approved their previously announced business combination at special meetings held on June 9, 2026. Upon closing, FGMC will be renamed BOXABL Inc., and the combined company’s common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL.
According to the announcement, BOXABL stockholders approved the business combination proposal, while FGMC stockholders approved all required proposals, including the business combination, governance, stock issuance, and director election proposals. Company executives stated that 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 development marks a significant milestone for BOXABL, which aims to address housing affordability and availability challenges through its innovative modular building systems. The company’s flagship product, the Casita, is a 361-square-foot studio unit that includes a full kitchen, bathroom, and utilities. Notably, the Casita unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. The company also offers the Baby Box, a smaller 120-square-foot unit built to RV code for simpler, no-foundation setups. Additionally, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
The approval of the business combination comes at a time when the housing market faces persistent supply constraints and rising costs. BOXABL’s approach could offer a faster and more affordable alternative to traditional construction. By going public, the company will have greater financial resources to scale production and expand its reach.
FG Merger II Corp. is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger or similar business combination. The transaction is expected to close shortly, subject to customary conditions. More details on the business combination are available at https://nnw.fm/vNtkY.
For further information about BOXABL, visit https://www.boxabl.com/ir. Information about FG Merger II Corp. can be found at https://fgmerger.com/.
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