BOXABL and FG Merger II Corp. (NASDAQ: FGMC) announced that stockholders of both companies approved the previously announced business combination at their respective special meetings held June 9, 2026. Upon completion of the transaction, FGMC will be renamed BOXABL Inc., with the combined company’s common stock expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL.
BOXABL said its stockholders approved the business combination proposal, while FGMC stockholders approved all proposals required to complete the transaction, including the business combination, governance, stock issuance and director election proposals. Company executives said 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.
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 business and technology leaders, this development signals a significant shift in the housing industry, as BOXABL’s approach leverages advanced manufacturing and modular design to address housing affordability and supply constraints. The ability to produce homes in a factory setting and assemble them on-site in under an hour could dramatically reduce construction timelines and costs, potentially disrupting traditional homebuilding. With access to public capital markets, BOXABL can scale its production capacity and expand its product line, including the Baby Box and stackable models, to meet growing demand for affordable housing solutions.
The approval of the business combination represents a major milestone for BOXABL, which has attracted attention for its innovative housing solutions. By going public, the company can tap into a broader investor base and raise funds to accelerate its growth strategy. For the industry, this could spur further adoption of modular construction techniques and encourage other startups to pursue similar paths. The impact on the broader housing market could be substantial, as BOXABL’s model offers a potential solution to the chronic shortage of affordable homes in many regions.
For more information about BOXABL, visit https://www.boxabl.com/ir. For details on FG Merger II Corp., see https://fgmerger.com/. The full press release is available at https://nnw.fm/vNtkY.
