BOXABL and FG Merger II Set June 9 Vote on Proposed Business Combination

BOXABL, a company specializing in modular building systems for affordable housing, and FG Merger II Corp. (NASDAQ: FGMC) have set a June 9, 2026 vote for FGMC stockholders to approve the proposed business combination that would take BOXABL public. The announcement, made via press release, highlights the importance of this merger as it aims to address the critical housing shortage by delivering rapidly deployable, low-cost homes.

The transaction, if approved, will result in FGMC being renamed BOXABL, Inc. and re-listing on Nasdaq under the ticker symbol "BXBL." Public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. The deadline for exercising redemption rights is June 5, 2026, at 5 p.m. ET. This vote represents a key milestone for BOXABL, which has attracted worldwide attention for its innovative approach to housing since its founding in 2017.

BOXABL's flagship product, the Casita, is a 361-square-foot studio unit that includes a full kitchen, bathroom, and utilities. It unfolds on-site in less than an hour and is manufactured inside BOXABL's facilities. The company has also announced the Baby Box, a 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 importance of this merger lies in its potential to scale BOXABL's production and distribution, providing a solution to the affordable housing crisis. With home prices rising and inventory shortages persisting, BOXABL's modular homes offer a faster, more cost-effective alternative to traditional construction. The company's ability to manufacture homes in a controlled environment and assemble them on-site in under an hour could revolutionize the housing industry.

For investors, the merger represents an opportunity to participate in a company that is positioned to disrupt the housing market. However, the outcome depends on stockholder approval and regulatory clearances. The press release notes that FGMC is encouraging stockholders to vote in favor of the transaction, emphasizing the benefits of becoming part of a company with a clear mission to solve housing challenges.

As the vote approaches, the housing industry and investors alike will be watching closely. If successful, BOXABL could become a publicly traded company with the resources to expand its manufacturing capacity and bring its innovative homes to a broader market. Further details about the merger and BOXABL's operations can be found in the full press release at https://ibn.fm/wSXgO.

For more information about BOXABL, visit its website at https://www.boxabl.com/ir. FG Merger II Corp. provides additional details at https://fgmerger.com/. The latest news and updates regarding FGMC are available in the company's newsroom at https://ibn.fm/FGMC.