Boxabl and FG Merger II Corp. Extend Merger Completion Date until March 2026

Boxabl and FG Merger II Corp. Extend Merger Deadline

Boxabl Inc. (“BOXABL”), renowned for its innovative housing solutions, and FG Merger II Corp. (“FGMC”), a publicly traded special purpose acquisition company, have announced a crucial amendment to their merger agreement. The two companies have decided to extend the deadline for their merger completion from December 31, 2025, to March 31, 2026. This extension allows both parties additional time to finalize the merger, which still requires approval from shareholders and regulatory bodies.

The collaboration marks a significant advancement for BOXABL, which focuses on revolutionizing the housing industry with its modular building systems designed to provide affordable and high-quality homes rapidly. Since its founding in 2017, Boxabl has captured global attention with its groundbreaking solutions for housing challenges. The company’s flagship product, the Casita, features a 361 square foot studio unit equipped with a full kitchen and bathroom, capable of being operational within an hour upon delivery to the site. Moreover, Boxabl has introduced the Baby Box, a compact 120 square foot unit built to RV specifications, catering to simpler setups without a foundation. The company is also working on scalable and connectable box models for multifamily apartments and larger single-family homes.

FG Merger II Corp., recognized as a blank check company or SPAC, was created to facilitate mergers, share exchanges, asset acquisitions, and similar business combinations. This merger is expected to provide BOXABL with the necessary capital for growth and innovation within the housing market. The newly formed entity is anticipated to be listed under the symbol “BXBL” on the Nasdaq Stock Market following the merger.

The details regarding the transaction have been duly filed by FGMC with the U.S. Securities and Exchange Commission (SEC) and shareholders are expected to vote on the proposed merger soon. FGMC has also submitted a registration statement that includes both preliminary and definitive proxy materials for its shareholders in connection with the transaction. Once approved, these documents will be made available to the relevant stakeholders.

This merger signifies not just a union of two companies but an advancement towards addressing a pressing issue in housing. With increasing concerns about affordability, Boxabl's innovative approach aims to provide practical solutions that can be deployed swiftly and efficiently. The Casita can play a crucial role in meeting housing demands, particularly in areas facing shortages.

As the market continues to evolve, the collaboration between FG Merger II Corp. and Boxabl highlights the growing interest in innovative solutions to traditional problems. The potential merger is a testament to the adaptability of the housing industry and the importance of leveraging new technologies to solve age-old issues.

While both parties remain optimistic about their merger plans, they have warned that uncertainties in regulatory approvals and market conditions could pose challenges ahead. However, the anticipation surrounding Boxabl's products and their impact on housing solutions fuels enthusiasm for this promising collaboration.

Overall, stakeholders are advised to stay tuned for further developments as the companies inch closer to completing their merger by the new target date of March 31, 2026.