Stockholders of BOXABL and FG Merger II Corp. (NASDAQ: FGMC) have approved the previously announced business combination at their respective special meetings held on June 9, 2026, according to a joint announcement. The approval marks a significant step for BOXABL, a company that designs modular building systems aimed at delivering affordable, high-quality homes quickly.
Upon completion of the transaction, FGMC will be renamed BOXABL Inc., and the combined company's common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol BXBL. The approval includes the business combination proposal, governance changes, stock issuance, and director elections.
Company executives stated that the combination will provide BOXABL with access to public capital markets, supporting the expansion of its factory-built housing platform and accelerating its growth as a publicly traded entity. This move is particularly noteworthy given the ongoing housing affordability crisis, as BOXABL's innovative approach could help address the shortage of affordable homes.
BOXABL's flagship product, the Casita, is a 361-square-foot studio unit that includes a full kitchen, bathroom, and utilities. The unit unfolds on-site in less than an hour and is manufactured inside BOXABL's facilities. The company has also introduced the Baby Box, a smaller 120-square-foot unit built to RV code, intended for simpler setups without a foundation. Additionally, BOXABL is developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.
Founded in 2017, BOXABL has attracted worldwide attention for its mission to solve housing challenges for individuals and communities. By going public through a SPAC merger, the company aims to scale its production and distribution, potentially making a significant impact on the housing market.
For more information about BOXABL, visit https://www.boxabl.com/ir. Details about FG Merger II Corp. can be found at https://fgmerger.com/.
