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FG Merger II Corp is a blank check company, incorporated for the purpose of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (Business Combination).
BOXABL and FG Merger II Corp. have extended the outside date for completing their proposed merger from December 31, 2025, to March 31, 2026. This amendment to their Merger Agreement allows more time for the companies to secure necessary shareholder and regulatory approvals. Upon completion, the combined entity is expected to list on Nasdaq under the ticker "BXBL," continuing BOXABL's mission to provide innovative housing solutions.
BOXABL Inc. has secured two new contracts with Innovate ADU for modular housing units: a 51-unit deal with Grace Bible Church-Rialto and a 20-unit contract with Gateway Christian. These agreements, valued at approximately $7 million, expand BOXABL's presence in faith-based development projects, aligning with the "Yes In God's Backyard" (YIGBY) movement and California's Affordable Housing on Faith Lands Act (SB4). The initiatives aim to provide affordable housing and generate income for religious organizations facing declining congregations and revenues.
Boxabl Inc., a modular housing company, and FG Merger II Corp. (Nasdaq: FGMC) announced the filing of a registration statement on Form S-4 for their previously declared merger. This filing is a crucial step towards Boxabl becoming a publicly listed company on Nasdaq under the ticker "BXBL," valuing Boxabl at approximately $3.5 billion. The transaction involves existing Boxabl stockholders rolling their equity into the combined company and FGMC issuing 350,000,000 shares to Boxabl stockholders.
Boxabl has acquired 10 Bitcoin at an average price of $107,800 each as part of its treasury reserve strategy to diversify financial reserves and hedge against inflation. This move comes as the modular home manufacturer also confirmed a definitive merger agreement with FG Merger II Corp, valuing Boxabl at approximately $3.5 billion, with plans to trade on Nasdaq under the ticker BXBL. The company has successfully raised over $230 million from more than 50,000 investors to date, demonstrating strong financial backing for its growth objectives and innovative treasury management.
Modular housing company Boxabl is set to go public on Nasdaq through a US$3.5 billion merger with SPAC FG Merger II Corp., trading under the ticker "BXBL." The deal aims to expand production of its foldable modular units, like the "Casita" studio, which are designed to address housing affordability challenges. Boxabl founders Paolo and Galiano Tiramani will continue to lead the company, which has raised over US$230 million and holds more than 190,000 product reservations.
Modular homebuilder BOXABL is preparing to go public on the Nasdaq stock market under the ticker symbol BXBL, following a merger agreement with FG Merger II Corp. The transaction values BOXABL at $3.5 billion, with founders Paolo and Galiano Tiramani continuing to lead the company. This public listing aims to provide BOXABL with greater capital to expand its production of affordable, sustainable modular homes.
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