Welcome to our dedicated page for FG Merger II news (Ticker: FGMC), a resource for investors and traders seeking the latest updates and insights on FG Merger II stock.
FG Merger II Corp (FGMC) is a special purpose acquisition company targeting strategic combinations in North America's financial services sector. This dedicated news hub provides investors with essential updates on merger developments, regulatory filings, and corporate actions related to this blank check company.
Access real-time announcements including potential acquisition targets, SEC disclosures, and investor communications. Our curated collection serves as your primary source for tracking FGMC's progress toward completing a qualifying transaction under its SPAC framework.
Key updates cover merger negotiations, shareholder voting procedures, and post-combination operational plans. All content is sourced directly from official regulatory filings and company communications to ensure reliability.
Bookmark this page for streamlined access to FGMC's latest developments. Monitor critical milestones in the SPAC lifecycle through our organized news repository, updated as new information becomes publicly available.
Boxabl (NASDAQ:FGMC) has acquired 10 Bitcoin (BTC) at an average price of $107,800 per BTC as part of its treasury reserve strategy announced in May 2025. This strategic move aims to diversify financial reserves and hedge against inflation.
The company has also entered into a definitive merger agreement with FG Merger II Corp, valuing Boxabl at approximately $3.5 billion. Upon completion, Boxabl will trade on Nasdaq under the ticker BXBL. The modular home manufacturer has successfully raised over $230 million from more than 50,000 investors to date.
Boxabl Inc. and FG Merger II Corp. (NASDAQ: FGMC) have signed a definitive merger agreement for a SPAC transaction that will take Boxabl public. The combined company will trade on the Nasdaq under the symbol "BXBL". Boxabl, which has already raised over $230 million from 50,000+ investors, will be valued at $3.5 billion through the issuance of 350 million shares to existing shareholders.
The transaction has no minimum cash condition, and current Boxabl shareholders will roll 100% of their equity into the combined company. Co-CEOs Paolo and Galiano Tiramani will continue to lead the company post-merger, focusing on expanding production capabilities and meeting growing global demand for their modular building systems.
FG Merger II Corp. (NASDAQ: FGMC) has released its Q1 2025 financial results. As of March 31, 2025, the company's trust account balance stands at approximately $10.14 per share, above its initial deposit of $10.10 per share. The company anticipates this balance to grow through earned interest. While FGMC can withdraw interest earnings for working capital purposes, the trust balance must maintain a minimum of $10.10 per share, protecting the original deposit amount.
FG Merger II Corp. (NASDAQ: FGMC) has announced that starting February 11, 2025, holders of units from the company's initial public offering completed on January 30, 2025 will have the option to separately trade shares of common stock and rights on The Nasdaq Global Market.
The separated Common Stock and rights will trade under the symbols 'FGMC' and 'FGMCR' respectively, while unseparated units will continue trading under 'FGMCU'. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate their units.
The initial units were offered through an underwritten offering, with ThinkEquity serving as the sole book-running manager.
FG Merger II Corp, a newly formed blank check company, has announced the pricing of its Initial Public Offering (IPO) of 8,000,000 units at $10.00 per unit, totaling $80 million. Each unit comprises one common stock share and one right, with the right convertible to one-tenth of a common share upon completing an initial business combination.
The units will trade on Nasdaq Global Market under 'FGMCU' starting January 29, 2025. The common stock and rights will later trade separately under 'FGMC' and 'FGMCR' respectively. The IPO is expected to close on January 30, 2025. The company granted underwriters a 45-day option to purchase up to 1,200,000 additional units to cover over-allotments. ThinkEquity serves as the sole book-running manager for the offering.
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