BOXABL and FG Merger II Corp. Stockholders Approve Business Combination, Paving Way for Public Listing
Stockholders of BOXABL and FG Merger II Corp. approved their business combination, setting the stage for BOXABL to go public on Nasdaq under ticker BXBL, providing access to capital markets to scale its factory-built housing platform.
Stockholders of BOXABL and FG Merger II Corp. (NASDAQ: FGMC) have voted to approve their previously announced business combination, the companies announced June 9, 2026. The approval clears the path for BOXABL to become a publicly traded company on the Nasdaq Stock Market under the ticker symbol BXBL, marking a significant milestone for the modular housing startup.
BOXABL stockholders approved the business combination proposal, while FGMC stockholders approved all necessary proposals, including the business combination, governance, stock issuance and director election proposals. Upon completion, FGMC will be renamed BOXABL Inc.
The transaction is expected to provide BOXABL with access to public capital markets to support expansion of its factory-built housing platform and accelerate growth. This access is critical for BOXABL as it seeks to scale production of its innovative modular homes designed to address housing affordability and availability challenges.
BOXABL, founded in 2017, has developed modular building systems that deliver affordable, high-quality homes rapidly. Its flagship product, the Casita, is a 361-square-foot studio unit that unfolds on-site in less than an hour and includes a full kitchen, bathroom and utilities. The company also offers the Baby Box, a smaller 120-square-foot unit built to RV code for simpler setups, and is developing stackable and connectable models that can form townhomes, multifamily units or larger single-family homes.
The housing industry has faced persistent challenges, including rising construction costs and labor shortages. BOXABL's approach aims to address these issues by manufacturing homes in a controlled factory environment, reducing build times and costs. Going public provides the company with the financial resources to increase production capacity and expand its reach, potentially accelerating the adoption of modular construction in the housing market.
For investors, the approval marks the final step before BOXABL begins trading on a major exchange, offering an opportunity to invest in a company that is tackling the housing crisis with a scalable, technology-driven solution. The company's ability to deliver homes quickly and affordably could disrupt traditional homebuilding, making this a development worth watching.
More information about the transaction can be found in the company's newsroom at https://nnw.fm/FGMC. Details about BOXABL's investor relations are available at https://www.boxabl.com/ir.