Research analysts covering FG Merger II.
Recent press releases and 8-K filings for FGMC.
BOXABL Announces New Contracts, Expanding Faith-Based Housing Projects
FGMC
New Projects/Investments
M&A
- BOXABL Inc. announced two new contracts totaling 71 modular housing units with Grace Bible Church-Rialto (51 units) and Gateway Christian (20 units) in California, through its preferred builder Innovate ADU.
- These contracts bring BOXABL's total closed contracts in the faith-based vertical for 2025 to 122 units, valued at approximately $7 million.
- The company's strategy focuses on providing 361-square-foot Casita units to faith-based organizations, leveraging favorable legislation like California's Affordable Housing on Faith Lands Act (SB4) to address housing needs and generate income.
- BOXABL is currently in an S-4 registration process for its previously announced merger with FG Merger II Corp. (NASDAQ: FGMC), through which it plans to go public under the ticker symbol BXBL.
Oct 14, 2025, 4:31 PM
FG Merger II Corp. and BOXABL Inc. Progress Towards Merger
FGMC
M&A
New Projects/Investments
- BOXABL Inc. released a video from its co-CEO discussing the potential merger with FG Merger II Corp. (Nasdaq: FGMC), detailing the merger process and the rationale for choosing a SPAC over a traditional IPO.
- FGMC and BOXABL have filed a Registration Statement on Form S-4 with the SEC, marking a key step towards BOXABL becoming a public company, anticipated to trade as "BXBL" on The Nasdaq.
- BOXABL, founded in 2017, specializes in modular building systems designed to provide affordable, high-quality homes.
Sep 30, 2025, 1:35 PM
BOXABL Gains South Carolina Approval and Secures Multi-State Contract
FGMC
New Projects/Investments
M&A
- 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.
Sep 26, 2025, 6:08 PM
FG Merger II Corp. Announces Business Combination with BOXABL Inc.
FGMC
M&A
- 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.
Aug 22, 2025, 12:00 AM
FG Merger II Corp. and Boxabl Sign Merger Agreement
FGMC
M&A
Delisting/Listing Issues
New Projects/Investments
- 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.
Aug 5, 2025, 12:00 AM
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