BOXABL and FG Merger II Set June 9 Vote on Business Combination to Take Modular Homebuilder Public
BOXABL's proposed merger with SPAC FG Merger II faces a stockholder vote on June 9, 2026, which could list the affordable housing innovator on Nasdaq under 'BXBL' and provide capital to scale its foldable Casita homes.
BOXABL, a company aiming to disrupt the housing market with its foldable, modular homes, announced that FG Merger II Corp. (FGMC) stockholders will vote on June 9, 2026, regarding the proposed business combination that would take BOXABL public. The vote is a critical step for the company, which seeks to list on Nasdaq under the ticker symbol "BXBL" following the merger's completion.
FGMC is urging its stockholders to vote in favor of the transaction, noting that public stockholders who do not redeem their shares will automatically become BOXABL stockholders upon closing. The deadline for public stockholders to exercise redemption rights is June 5, 2026, at 5 p.m. ET. The announcement comes as BOXABL continues to develop its flagship product, the Casita, a 361-square-foot studio unit that unfolds on-site in less than an hour. The company also offers the Baby Box, a smaller 120-square-foot unit built to RV code, and is developing stackable and connectable models for townhomes, multifamily units, or larger single-family homes.
The merger with FG Merger II Corp., a special purpose acquisition company (SPAC), is expected to provide BOXABL with the capital needed to scale production and address growing demand for affordable housing. BOXABL's modular building systems are designed to deliver high-quality homes at unprecedented speed, a mission that has attracted worldwide attention since the company's founding in 2017. The company's ability to manufacture homes inside its facilities and assemble them quickly on-site positions it to tackle housing challenges for individuals and communities.
The vote on June 9 is a pivotal moment for BOXABL and FGMC, as it will determine whether the merger proceeds. If approved, the combined entity will operate as BOXABL, Inc. and trade on the Nasdaq exchange. The transaction has already been reviewed by regulators, and the companies are encouraging stockholders to vote in favor. For more details on the merger, the full press release is available at https://ibn.fm/wSXgO.
Investors and stakeholders are advised that forward-looking statements in this announcement involve risks and uncertainties, as outlined in FGMC's filings with the SEC. These include factors that could cause actual results to differ materially from expectations. The companies undertake no duty to update this information unless required by law. More information about the parties involved can be found at https://www.boxabl.com/ir and https://fgmerger.com/.
The outcome of the vote will not only determine BOXABL's public listing but also signal investor confidence in the modular housing sector, which has gained traction as a potential solution to the housing affordability crisis. With the Casita already generating buzz for its rapid assembly and cost efficiency, a successful merger could accelerate BOXABL's expansion and bring its innovative homes to more markets.