FG Merger II Corp. Special Meeting of Stockholders to Vote on BOXABL Merger to be Held on June 9, 2026
Rhea-AI Summary
FG Merger II Corp (NASDAQ: FGMC) will hold a special meeting on June 9, 2026, at 10:00 a.m. ET via live webcast to vote on its proposed business combination with BOXABL.
Public stockholders have until June 5, 2026, at 5:00 p.m. ET to exercise redemption rights. Stockholders who do not redeem will become BOXABL stockholders at closing, when FGMC is expected to be renamed BOXABL and re-listed on Nasdaq under ticker BXBL.
BOXABL develops modular housing, including its 361 sq ft Casita and 120 sq ft Baby Box units, plus stackable and connectable models for larger homes.
Positive
- Special meeting set for June 9, 2026 to approve BOXABL merger
- Non-redeeming FGMC holders to become BOXABL stockholders at closing
- Company expected to re-list on Nasdaq under new ticker BXBL
- Redemption deadline clearly defined as June 5, 2026, 5:00 p.m. ET
- Registration Statement on Form S-4 declared effective by the SEC
Negative
- High shareholder redemption could leave combined company with insufficient cash
- Merger requires regulatory approvals that may be delayed or not obtained
- Merger agreement may be terminated if adverse events or changes occur
- BOXABL has historical net losses and limited operating history
- BOXABL may need additional future financing to fund its business plans
- Emerging technology faces commercialization and market acceptance uncertainty
News Market Reaction – FGMC
In the Jun 4 session, FGMC declined 0.10%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 04 | Merger deadline extension | Positive | -0.1% | Extended outside date for completing BOXABL merger to March 31, 2026. |
| Sep 18 | Merger terms filed | Positive | -0.1% | Filed S-4 detailing $3.5B valuation and 350M share issuance for BOXABL deal. |
| Aug 05 | Definitive merger agreement | Positive | +0.5% | Signed SPAC merger agreement to take Boxabl public on Nasdaq as BXBL. |
| Feb 06 | Unit separation | Neutral | +0.0% | Announced separate trading of FGMC common stock and rights beginning Feb 11, 2025. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Merger-related headlines have generally produced small moves, with occasional negative reactions to timeline or documentation updates.
Over the past year, FGMC’s key milestones have centered on its proposed BOXABL merger. Events include signing the definitive SPAC merger agreement on Aug 5, 2025, disclosing valuation and share terms around $3.5B and 350,000,000 shares on Sep 18, 2025, and extending the merger outside date to Mar 31, 2026 on Nov 4, 2025. Earlier, FGMC announced separate trading of its common stock and rights starting Feb 11, 2025. Today’s special-meeting notice fits into this ongoing closing process.
Key Terms
special purpose acquisition company financial
spac financial
form s-4 regulatory
prospectus regulatory
form 8-k regulatory
registration statement regulatory
forward-looking statements regulatory
proxy statement/prospectus regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Stockholders who choose Not to Redeem their FGMC Shares
Will become BOXABL Stockholders at Closing
The purpose of the Special Meeting is to vote on the proposed business combination between FGMC and BOXABL Inc., a leader in innovative housing solutions, and related matters. FGMC reminds stockholders of the importance of their vote and encourages stockholders to vote their shares in favor of all proposals as recommended by the Board of Directors.
More information about voting and attending the Special Meeting is included in the definitive Proxy Statement/Prospectus filed by FGMC with the SEC, which is available on the SEC's website at www.sec.gov. FGMC encourages stockholders to read the Proxy Statement/Prospectus carefully. If you have any questions or need assistance voting your shares, please contact FGMC's proxy solicitor, Advantage Proxy, at Toll Free Telephone: (877) 870-8565, Main Telephone: (206) 870-8565 and E-mail: ksmith@advantageproxy.com.
The deadline for FGMC's public stockholders to exercise their redemption rights in connection with the business combination is June 5, 2026 at 5:00 p.m. ET.
FGMC stockholders who choose not to redeem their FGMC shares will automatically become BOXABL stockholders at the closing of the business combination, at which time FGMC will be renamed "BOXABL, Inc." and is expected to re-list on Nasdaq under the ticker "BXBL".
The FGMC board of directors recommends all stockholders vote "FOR" all proposals in advance of the Special Meeting via the internet or by signing, dating and returning the proxy card upon receipt by following the instructions on the proxy card.
About BOXABL
BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL's innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. BOXABL'S flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. The Casita unfolds on-site in less than an hour and is manufactured inside BOXABL's facilities. BOXABL also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation setups. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
For more information about BOXABL and its innovative products, visit www.boxabl.com.
About FG Merger II Corp.
FG Merger II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Additional Information About the Proposed Transaction and Where to Find It
Additional information about the transaction, including a copy of the merger agreement has been filed by FGMC in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (the "SEC"). The proposed transaction has been submitted to shareholders of FGMC for their consideration. FGMC has filed a registration statement on Form S-4 (the "Registration Statement") with the SEC, which has been declared effective, and a prospectus pursuant to Rule 424(b) under the Securities Act (the "Prospectus"), which includes the definitive proxy statement distributed to FGMC's shareholders in connection with FGMC's solicitation of proxies for the vote by FGMC's shareholders in connection with the proposed transaction and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to BOXABL's shareholders in connection with the completion of the proposed transaction. The definitive proxy statement/prospectus and other relevant documents have been mailed to BOXABL stockholders and FGMC shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, FGMC and BOXABL shareholders and other interested persons are advised to read the definitive proxy statement/prospectus, as well as other documents filed with the SEC by FGMC in connection with the proposed transaction, as these documents contain important information about FGMC, BOXABL and the proposed transaction. Shareholders may obtain a copy of the definitive proxy statement/prospectus, as well as other documents filed by FGMC with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a written request to FG Merger II Corp., 104 S. Walnut Street, Unit 1A, Itasca, Illinois 60143 or to BOXABL 5345 E North Belt Rd Las Vegas NV 89115.
Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as "plan," "project," "will," "estimate," "intend," "expect," "believe," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: projections of market opportunity and market share; estimates of customer adoption rates and usage patterns; projections of development and commercialization costs and timelines; expectations regarding BOXABL's ability to execute its business model and the expected financial benefits of such model; expectations regarding BOXABL's ability to attract, retain, and expand its customer base; BOXABL's deployment of Casita; BOXABL's expectations concerning relationships with strategic partners, suppliers, governments, regulatory bodies and other third parties; future ventures or investments in companies, products, services, or technologies; development of favorable regulations and government incentives affecting BOXABL's markets; the potential benefits of the proposed transaction and expectations related to its terms and timing; and the potential for BOXABL to increase in value.
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of BOXABL and FGMC.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that BOXABL is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; BOXABL's historical net losses and limited operating history; BOXABL's expectations regarding future financial performance, capital requirements and unit economics; BOXABL's use and reporting of business and operational metrics; BOXABL's competitive landscape; BOXABL's dependence on members of its senior management and its ability to attract and retain qualified personnel; the capital requirements of BOXABL's business plans and the potential need for additional future financing; BOXABL's ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; BOXABL's reliance on strategic partners and other third parties; BOXABL's ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; the combined company's ability to maintain internal control over financial reporting and operate a public company; the possibility that required regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of FGMC could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change, or other circumstance that could give rise to the termination of the merger agreement; the outcome of any legal proceedings or government investigations that may be commenced against BOXABL or FGMC; failure to realize the anticipated benefits of the proposed transaction; the ability of FGMC or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in FGMC's filings with the SEC. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by BOXABL, FGMC or the combined company resulting from the proposed transaction with the SEC, including under the heading "Risk Factors." If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of BOXABL's and FGMC's management as of the date of this communication; subsequent events and developments may cause their assessments to change. While BOXABL and FGMC may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. Accordingly, undue reliance should not be placed upon these statements.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.
An investment in FGMC is not an investment in any of its founders' or sponsors' past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of FGMC, which may differ materially from the performance of our founders' or sponsors' past investments.
Participants in the Solicitation
FGMC, BOXABL and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from FGMC's shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of FGMC's and BOXABL's shareholders in connection with the proposed transaction as set forth in the joint proxy statement/prospectus filed by FGMC and BOXABL with the SEC. You can find more information about FGMC's directors and executive officers in FGMC's and BOXABL's joint proxy statement/prospectus dated May 12, 2026, and in periodic reports filed by FGMC with the SEC. You can find more information about BOXABL's directors and executive officers in its Annual Report on Form 10-K, filed with the SEC on March 27, 2026. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Contact
FG Merger II Corp.
info@fgmerger.com
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