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. (NASDAQ: FGMC) generates news primarily through its activities as a special purpose acquisition company in the Financial Services sector. Public communications describe FGMC as a blank check company formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
A major focus of recent FGMC news has been its proposed business combination with BOXABL Inc., a company described in joint press releases as a leader in innovative housing solutions and modular housing systems. Coverage includes the signing of a definitive merger agreement, transaction terms describing the issuance of FGMC shares to BOXABL stockholders, and the expectation that the combined company would trade on Nasdaq under the ticker BXBL and adopt the BOXABL name upon a successful closing.
Other notable news items include the public filing of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission, which contains a joint proxy statement/prospectus for FGMC shareholders and BOXABL stockholders, and the subsequent announcement of an amendment to the merger agreement extending the outside date for completion of the transaction. These developments are reported through joint press releases and confirmed in FGMC’s Form 8-K filing.
Visitors to the FGMC news page can review updates on the status of the proposed merger, key regulatory milestones such as SEC filings, and communications outlining shareholder voting processes and transaction structure. For investors and observers following SPAC-related developments and the planned BOXABL listing, this news stream provides a centralized view of FG Merger II Corp.’s disclosed corporate actions.
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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