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FG Merger II Corp. reports news as a blank-check company formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination. Recurring updates for FGMC center on SPAC and security-structure disclosures, material agreements, shareholder voting matters, capital-structure items, governance matters, and periodic operating or financial results tied to its public-company status.
BOXABL (Nasdaq: FGMC) unveiled its patented Rego-Brix concept, a modular radiation-shielding system that uses lunar regolith to protect habitats from galactic cosmic rays. Components fold flat for launch, then are filled with local moon dust around habitats, complementing BOXABL’s foldable UFO habitat unit.
BOXABL plans to make Rego-Brix available on a royalty-free basis and is completing a merger with FG Merger II Corp, after which the combined company is expected to trade on Nasdaq under the ticker BXBL.
BOXABL (Nasdaq: BXBL) and FG Merger II Corp (Nasdaq: FGMC) stockholders approved their Business Combination at special meetings on June 9, 2026. The transaction is expected to close shortly, after which the combined company, renamed BOXABL Inc., is expected to trade on Nasdaq under ticker BXBL. BOXABL is expected to retain approximately 20% / $14 million cash in trust. FGMC stockholders who did not redeem by June 5, 2026, will automatically become stockholders of the combined company at closing.
FG Merger II announced that the redemption window for its business combination with BOXABL closed on June 5, 2026. About 6,615,950 shares were redeemed at $10.40 per share, removing roughly $68.8 million from the trust.
After redemptions, 1,384,050 public shares and about $14 million remain in the trust. Non-redeeming or reversal investors will receive BOXABL stock at closing, when the combined company is expected to trade on Nasdaq as BXBL, subject to shareholder approval at the June 9, 2026 special meeting.
FG Merger II Corp (NASDAQ: FGMC) will hold a special meeting on June 9, 2026, at 10:00 a.m. ET via live webcast to vote on its proposed business combination with BOXABL.
Public stockholders have until June 5, 2026, at 5:00 p.m. ET to exercise redemption rights. Stockholders who do not redeem will become BOXABL stockholders at closing, when FGMC is expected to be renamed BOXABL and re-listed on Nasdaq under ticker BXBL.
BOXABL develops modular housing, including its 361 sq ft Casita and 120 sq ft Baby Box units, plus stackable and connectable models for larger homes.
BOXABL (expected Nasdaq: BXBL) and FG Merger II (NASDAQ: FGMC) announced SEC effectiveness of their joint Form S-4 for a proposed business combination. Special shareholder meetings are set for June 9, 2026, with closing expected shortly after, subject to customary conditions.
Upon completion, FGMC investors are expected to become BXBL shareholders and the combined company’s shares are expected to trade on Nasdaq as BXBL. BOXABL expects the transaction to deliver capital to support manufacturing scale-up and market expansion of its foldable modular homes.
BOXABL (proposed combined with FG Merger II Corp., NASDAQ: FGMC) appointed Shanmugam "Shan" Palaniappan as Chief Technology Officer on March 10, 2026. The hire emphasizes BOXABL's push to scale software, automation, and AI as it pursues a definitive merger with FGMC to support expanded manufacturing, product lines, and international deployment. Palaniappan brings over two decades of engineering and platform experience at Sagent, DataRobot, and Salesforce and holds two master's degrees. Management says the appointment supports a planned rearchitecture toward real-time data and embedded intelligence across operations.
BOXABL (NASDAQ:FGMC) appointed Shanmugam "Shan" Palaniappan as Chief Technology Officer on March 10, 2026 and disclosed a definitive merger agreement with FG Merger II Corp. The hire emphasizes accelerating BOXABL's software, automation, and AI capabilities as the company pursues industrial-scale modular housing expansion.
The release highlights Palaniappan's two decades of engineering leadership at Sagent, DataRobot, and Salesforce, BOXABL's Casita and Baby Box products, and forward-looking risks and SEC filing details related to the proposed transaction.
BOXABL (proposed merger with FG Merger II Corp, NASDAQ: FGMC) said California reduced state inspections for its Casita Studio units to 25% per unit, a 75% cut after initial approvals. BOXABL received Commercial Modular Manufacturer approval last month and says the change speeds deliveries into California.
The proposed merger with FGMC remains subject to customary approvals.
BOXABL (NASDAQ:FGMC) obtained a California Commercial Modular Manufacturer license on December 24, 2025, allowing the company to manufacture and deploy modular units that meet California's commercial building standards.
The license supports BOXABL's recent move into commercial applications following a significant contract with an industry leader and is positioned to enable delivery in California. The company also reiterated its proposed merger with FG Merger II Corp, which remains subject to customary approvals and is expected to provide additional resources to scale production.
BOXABL (NASDAQ:FGMC) appointed Morris A. Davis, Ph.D. to its Board of Directors, effective December 12, 2025.
Davis is described as a former Chief Housing Economist for the White House Council of Economic Advisers under President Donald J. Trump and a former Economist at the Federal Reserve Board. The company says his housing-policy expertise will support BOXABL's mission to scale factory-built housing.
BOXABL is advancing a previously announced business combination with FG Merger II Corp. (NASDAQ:FGMC), valued at $3.5 billion and expected to close in early 2026 to provide capital for ramping factory output.