FG Merger II Corp. Reports Redemption Results Ahead of BOXABL Merger Vote

FG Merger II Corp. (NASDAQ: FGMC) reported that approximately 6.6 million shares were tendered for redemption ahead of the June 9 special meeting to vote on the company's proposed business combination with BOXABL. Following the redemption deadline, approximately $68.8 million is expected to be removed from FGMC's trust account, leaving about $14 million remaining and approximately 1.4 million public shares outstanding.

Stockholders who do not redeem their shares, or who withdraw redemption requests before closing, are expected to become shareholders of BOXABL upon completion of the transaction. If approved by stockholders and all remaining closing conditions are satisfied, the combined company is expected to be renamed BOXABL Inc. and begin trading on Nasdaq under the ticker BXBL. More details can be found in the press release at https://ibn.fm/OBv13.

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. BOXABL's 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. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes. For more information about BOXABL, visit www.boxabl.com.

FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The outcome of the redemption process is significant as it indicates the level of shareholder support and the remaining capital that will be available to the combined company post-merger. The success of the merger could provide BOXABL with the necessary funding and public market listing to scale its innovative housing solutions.