FG Merger II Corp. (FGMC) is a blank check company incorporated in Nevada on September 20, 2023. It is focused on facilitating a Business Combination, which may involve mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, or reorganizations with one or more businesses or entities. FGMC does not currently sell products or services, as it has not commenced operations and is in the pre-operational phase.
- Business Combination Facilitation - Identifies and executes mergers, acquisitions, or reorganizations with target businesses, primarily in the financial services industry.
- IPO Fundraising - Raises capital through the issuance of public units, consisting of common stock and rights, to fund future business combinations.
- Private Placement Activities - Offers private units and warrants to generate additional funding for operational and strategic purposes.
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Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
iCoreConnect, Inc. | 2024 | The acquisition, consummated on August 25, 2023, by FG Merger Corp (a SPAC), involved a pre-transaction equity valuation of $98 million with consideration paid in shares of FGMC common stock, and included a Prepaid Forward Purchase Agreement limiting share volume. |
Recent press releases and 8-K filings for FGMC.
- BOXABL Inc., currently in the S-4 registration process for its merger with FG Merger Corp. (FGMC), has received regulatory approval for deployment in South Carolina.
- The company secured a landmark manufacturing and supply contract with Horizons Getaways for the delivery of 150 Casita units.
- Initial deployments will be in South Carolina, with subsequent developments planned for Tennessee, Texas, Florida, California, and Ohio.
- This partnership strengthens BOXABL's position in the U.S. glamping market, which is valued at $831.5 million and projected to reach $1.5 billion by 2030.
- FG Merger II Corp. (FGMC) announced a proposed business combination with BOXABL Inc., a leader in modular building systems designed to deliver affordable, high-quality homes.
- Upon successful closing of the business combination, FGMC will change its name to BOXABL and its ticker to BXBL.
- The transaction values BOXABL at $3.5 billion, with FGMC issuing 350,000,000 shares to BOXABL shareholders.
- As of June 30, 2025, FGMC has $81.6 million in cash in trust and intends to raise up to $55 million in a PIPE to fund concurrently with the closing.
- BOXABL has produced 700+ Casita units to date and has raised over $230 million from 50,000+ individual investors.
- FG Merger II Corp. (FGMC) and Boxabl Inc. (BOXABL) signed a definitive merger agreement on August 4, 2025, to take BOXABL public.
- Upon the expected successful closing, the combined company will continue to list on the Nasdaq Stock Market under the symbol "BXBL", and FGMC will change its name to BOXABL.
- The transaction involves FGMC issuing 350,000,000 shares to BOXABL, valuing BOXABL at $3.5 billion, and has no minimum cash condition.
- The merger is subject to customary closing conditions, including stockholder approvals from both companies and the effectiveness of a Form S-4 registration statement.