Here are the 10-Q quarterly reports from FG Merger II Corp. (FGMC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FGMC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FGMC filings page.
FG Merger II Corp. reported net income of $287,762 for the quarter ended March 31, 2026, driven entirely by interest on its IPO trust while it continues to seek a business combination.
Total assets were $83.2M, including $82.9M held in a Nasdaq-qualifying trust supporting 8,000,000 redeemable public shares, and $243,235 of cash outside the trust for working capital. General and administrative expenses were $273,298.
The company is a SPAC focused on financial services targets and has agreed to merge with Boxabl Inc. for stock valued at $3.5B at $10 per share. The parties have twice extended the merger agreement end date, most recently to July 31, 2026, while working through closing conditions.
FG Merger II Corp. (FGMC) filed its quarterly report, detailing SPAC operations, IPO proceeds held in trust, and progress on its proposed business combination.
As of September 30, 2025, FGMC reported cash held in trust of $81,850,181 and cash of $578,786. For the nine months ended September 30, 2025, net income was $974,654, driven by $2,250,181 of investment income on the trust, offset by $802,988 in general and administrative expenses and $472,539 in income tax expense. For the quarter, net income was $77,269 on investment income of $847,927 and G&A of $592,593.
FGMC completed its IPO on January 30, 2025, selling 8,000,000 units at $10.00 and a simultaneous private placement of 248,300 units plus 1,000,000 $15 private warrants. A total of $80,800,000 (or $10.10 per unit) was placed in the trust. As of November 5, 2025, 10,295,800 shares were issued and outstanding.
On August 4, 2025, FGMC entered into a Merger Agreement with Boxable Inc. for aggregate consideration valued at $3,500,000,000 in FGMC equity at a deemed value of $10 per share. On November 3, 2025, the agreement end date was extended to March 31, 2026.