BOXABL Inc. (NASDAQ: BXBL) Completes Business Combination with FG Merger II Corp. at $3.5 Billion Valuation

Factory-Built Housing Innovator Officially Becomes a Publicly Traded Company; Merger Closes Following Stockholder Approval Secured on June 9, 2026 Shares will begin trading on the Nasdaq Stock Market under the ticker symbols "BXBL" on July 20, 2026

BOXABL Inc. ("BOXABL" or the "Company") today announces the successful completion of its previously announced business combination (the "Business Combination") with FG Merger II Corp. (NASDAQ: FGMC ) ("FGMC"), a publicly traded special purpose acquisition company. The Business Combination was approved by FGMC stockholders at a special meeting held on June 9, 2026.

Shares will begin trading on the Nasdaq Stock Market under the ticker symbols “BXBL” on July 20, 2026

In connection with the closing, FG Merger II Corp. has been renamed "BOXABL Inc." and the combined company's common stock is expected to commence trading on the Nasdaq stock market under the ticker symbol BXBL effective Monday, July 20, 2026. Under the terms of the merger, FGMC issued 350 million shares to BOXABL stockholders, representing the $3.5 billion valuation based on a deemed value of $10 per share. Notably, all existing BOXABL shareholders will roll 100% of their equity into the combined company, demonstrating alignment and long-term commitment. Additionally, the Company issued an aggregate of 800,000 shares of common stock to the holders of FGMC's outstanding rights pursuant to the terms of the rights, and such rights are no longer outstanding or trading on the Nasdaq stock market.

BOXABL aims to disrupt the traditional housing construction industry by delivering affordable, high-quality homes at an accelerated pace. Its flagship product, the 361-square-foot Casita, is a studio unit complete with a full kitchen, bathroom, and utilities, designed to unfold on-site in under an hour. The company also offers the smaller 120-square-foot Baby Box and is developing stackable and connectable models for larger residential structures like townhomes and multifamily units. To date, BOXABL has raised over $230 million from more than 50,000 investors, indicating substantial public interest in its vision.

BOXABL's founders and Co-CEOs, Paolo and Galiano Tiramani, will continue to lead the combined entity. Paolo Tiramani commented: "The housing market is broken, and nobody was going to fix it. So, we built the factory, engineered the product, and now will have access to the public markets. We are excited to continue working in our mission to solve the housing crisis."

The merger is anticipated to provide BOXABL with enhanced access to capital, enabling it to scale production capabilities, invest in research and development, and address the growing global demand for its innovative building systems.

Transaction Background On August 4, 2025, BOXABL and FGMC entered into an Agreement and Plan of Merger providing for the two-step transaction. The merger was effected through the merger of FG Merger Sub II Inc. with and into BOXABL (the "First Merger"), followed immediately by the merger of BOXABL with and into FGMC (the "Second Merger"), with FGMC continuing as the surviving public company. Upon the consummation of the Second Merger, the surviving public company was renamed "BOXABL Inc." The registration statement on Form S-4 relating to the Business Combination was declared effective by the SEC, and FGMC's stockholders voted to approve all proposals necessary to effect the Business Combination at the Special Meeting held on June 9, 2026.

Advisors ThinkEquity served as advisor to FG Merger II Corp. in connection with the business combination. Loeb & Loeb LLP served as legal advisor to FGMC. Maxim Group LLC served as exclusive financial advisor to BOXABL in connection with the business combination. Winston Taylor LLP served as legal advisor to BOXABL.

About BOXABL BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-qu...