BOXABL, a company transforming the housing market with its innovative modular building systems, announced that FG Merger II Corp. (FGMC) stockholders will vote on June 9, 2026, to approve the proposed business combination that would take BOXABL public. 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.” The deadline for public stockholders to exercise redemption rights is June 5, 2026, at 5 p.m. ET.
This move marks a significant milestone for BOXABL, which aims to address the global housing crisis by delivering affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s flagship product, the Casita, is a 361-square-foot studio unit that includes 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 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 business combination with FGMC, a special purpose acquisition company (SPAC), provides a pathway for BOXABL to access public capital markets, which could accelerate its production and distribution capabilities. For leaders in business and technology, this development underscores the growing intersection of construction technology and financial innovation. The modular construction sector has attracted significant interest as a potential solution to housing shortages and rising costs, and BOXABL’s public listing may signal increased investor confidence in this space.
BOXABL’s approach could have implications for the broader housing industry. By enabling rapid on-site assembly of homes, the company aims to reduce construction time and costs, potentially making homeownership more accessible. For communities facing housing deficits, scalable modular solutions like BOXABL’s could offer a faster path to new housing units. The company’s plans for stackable and connectable models also suggest potential for denser urban development, which could influence zoning and building regulations.
For more information about the transaction, visit the full press release here. Details about BOXABL are available at their investor relations page, and information about FG Merger II Corp. can be found at their website.
Forward-looking statements in this article involve risks and uncertainties, as detailed in the company’s filings with the SEC. All parties undertake no duty to update this information unless required by law.
