BOXABL and FG Merger II Corp. Take Major Step Towards Public Listing with SEC Filing

BOXABL's Journey to Public Listing

In a significant move towards a public listing, BOXABL Inc., renowned for its innovative approaches to housing solutions, and FG Merger II Corp., a publicly traded Special Purpose Acquisition Company (SPAC), have jointly announced the submission of a registration statement on Form S-4 to the United States Securities and Exchange Commission (SEC). This filing is a crucial step in relation to the anticipated merger between the two companies, which could redefine the landscape of affordable housing.

Overview of the Merger

The merger between BOXABL and FG Merger II Corp. is poised to create a merged entity valued at approximately $3.5 billion. BOXABL, which is currently privately held, will undergo listing on NASDAQ under the ticker symbol "BXBL". FG Merger II Corp., presently traded under the symbol "FGMC", will adopt the BOXABL name upon successful completion of the merger.

This proposed merger is not just another corporate maneuver; it embodies a significant milestone for BOXABL as it ventures into public markets. With this registration statement, both companies aim to provide stakeholders with comprehensive insights regarding BOXABL's operations, the details of the merger, and the benefits expected from the transaction.

Details of the SEC Filing

The filed registration statement, though not yet effective, offers crucial information concerning BOXABL and the merger-related activities. It highlights the mechanism through which existing BOXABL stockholders will roll over 100% of their equity into the new entity, along with FG Merger II Corp. issuing 350 million shares to BOXABL stockholders. The structure of this deal has been carefully crafted without imposing a minimum cash condition, which typically complicates such transactions.

The completion of the merger is contingent upon several factors, including receiving the necessary approvals from the stockholders of both organizations and meeting typical closing conditions. The forthcoming special meetings of stockholders will play a pivotal role in this process, guiding attendees through FAQs and pertinent details related to the merger.

Leadership and Future Vision

BOXABL's founders, Paolo and Galiano Tiramani, who are also co-CEOs, are committed to steering the combined entity post-merger. In their statement, Paolo Tiramani expressed optimism about this milestone, noting that it represents a crucial step toward unlocking greater value for both customers and investors. They believe that transitioning to a public company will enable BOXABL to expand its reach and accelerate its mission to deliver innovative and affordable housing solutions worldwide.

About BOXABL

BOXABL stands out in the construction sector with its modular building systems designed to provide high-quality, affordable housing rapidly. Founded in 2017, BOXABL has gained global attention for its innovative approach to resolving urgent housing challenges. Their flagship product, the "Casita", is a compact 361 square foot unit that unfolds on-site in less than an hour, equipped with essential amenities. They also introduced the "Baby Box", a smaller 120 square foot unit—built to RV standards—for easier setups without the need for a foundation.

BOXABL’s vision includes developing stackable and connectable modular designs capable of creating townhomes or larger single-family residences, making it an exciting player in the housing market.

Conclusion

The filing of the registration statement marks a critical point for BOXABL in its journey toward public trading. As the company prepares for the mechanisms of merger completion, stakeholders and potential investors are advised to remain informed and consider the implications of this merging venture. The new publicly traded company promises to be a transformative force in addressing housing issues across various communities, attracting both consumer interest and investor confidence.

For more information on BOXABL and to keep up with the latest developments, please visit their website.