BOXABL and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies have approved their previously announced business combination at special meetings held June 9, 2026. Upon completion, 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.
The approval marks a significant milestone for BOXABL, a company founded in 2017 that aims to transform the housing market with its modular building systems designed to deliver affordable, high-quality homes rapidly. According to the announcement, BOXABL stockholders approved the business combination proposal, while FGMC stockholders approved all proposals required to complete the transaction, including 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 access to capital is crucial for BOXABL as it seeks to scale production of its innovative housing solutions.
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. The company has also announced the Baby Box, a smaller 120-square-foot unit built to RV code, intended 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 this business combination is a critical step for BOXABL as it addresses the growing demand for affordable housing. By becoming a publicly traded company, BOXABL will have the financial resources to increase production capacity, invest in research and development, and potentially lower costs through economies of scale. For industry leaders, this move signals a growing trend of factory-built housing solutions gaining traction in the capital markets, which could spur further investment in modular construction technologies.
FG Merger II Corp. is a blank check company, also known as a special purpose acquisition company (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. For more information about FG Merger II Corp., visit https://fgmerger.com/.
For more details on BOXABL and its investor relations, visit https://www.boxabl.com/ir. The latest news and updates relating to FGMC are available in the company’s newsroom at https://nnw.fm/FGMC.
