BOXABL to Go Public as FG Merger Corp. Sets June 9 Vote on Business Combination

FG Merger II Corp. (NASDAQ: FGMC) announced that its stockholders will vote on June 9, 2026, on the proposed business combination with BOXABL, a company specializing in modular building systems for affordable housing. If approved, BOXABL would become a publicly traded company listed 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, as stated in the press release.

Founded in 2017, BOXABL aims to transform the housing market by delivering affordable, high-quality homes at unprecedented speed. Its flagship product, the Casita, is a 361-square-foot studio unit that includes a full kitchen, bathroom, and utilities, and unfolds on-site in less than an hour. Manufactured inside BOXABL’s facilities, the Casita offers a faster and more cost-effective alternative to traditional construction. The company also announced the Baby Box, a smaller 120-square-foot unit built to RV code, designed 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 proposed business combination comes as housing affordability remains a critical issue across the United States, particularly in Texas where rapid population growth has strained housing supply. BOXABL’s modular units can be manufactured in controlled environments and assembled quickly on-site, reducing labor costs and construction time. This approach could offer a viable solution to the housing shortage, potentially making homeownership more accessible for many Texans.

FGMC is encouraging stockholders to vote in favor of the transaction, noting that public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. Following the merger, FGMC is expected to be renamed BOXABL, Inc. and re-list on Nasdaq under the ticker symbol 'BXBL'. For more information about BOXABL, visit https://www.boxabl.com/ir. Details about FG Merger II Corp. are available at https://fgmerger.com. The latest news and updates relating to FGMC can be found in the company’s newsroom at https://ibn.fm/FGMC.

If approved, the merger could provide BOXABL with additional capital to scale its operations and expand its product line, potentially accelerating the adoption of modular housing in the market. For Texas businesses and residents, this development signals a growing interest in innovative construction methods that could reshape the state's housing landscape. The vote on June 9 will be a key milestone in determining whether BOXABL, which has attracted worldwide attention for its innovative housing solutions, will become a publicly traded company.