MergerJul 23, 2026, 05:32 PM
FG Merger II Corp. Completes $3.5B Merger with BOXABL, Renamed BOXABL Inc.
AI Summary
FG Merger II Corp. (FGMC) has completed its business combination with BOXABL, which included FGMC's conversion from a Nevada to a Texas corporation and a two-step merger. Following the transaction, FGMC was renamed BOXABL Inc. The aggregate merger consideration for former BOXABL securityholders totaled $3.5 billion, comprising 246,524,760 common shares and 103,475,240 preferred shares of the Combined Company, each valued at $10. The Combined Company's Class A Common Stock commenced trading on Nasdaq under the symbol "BXBL" on July 20, 2026. BOXABL's financial statements included a going concern warning.
Key Highlights
- FG Merger II Corp. completed its business combination with BOXABL.
- FGMC converted from a Nevada to a Texas corporation prior to the merger.
- FGMC was renamed BOXABL Inc. following the merger.
- Aggregate merger consideration for BOXABL securityholders was $3.5 billion.
- 246,524,760 common shares of the Combined Company were issued.
- 103,475,240 preferred shares of the Combined Company were issued.
- Combined Company Class A Common Stock began trading as "BXBL" on Nasdaq.
- BOXABL's financial statements include a going concern explanatory paragraph.
Price Impact
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