MergerApr 10, 2026, 04:51 PM
FGMC Extends BOXABL Merger Agreement to July 31, 2026
AI Summary
FG Merger II Corp. (FGMC) amended its merger agreement with BOXABL Inc., extending the agreement end date from March 31, 2026, to July 31, 2026. The amendment also includes a provision to release lock-up restrictions on certain Acquiror Securities if the Acquiror Common Stock trades at or above $20.00. Additionally, the parties clarified the definition of Acquiror Securities and established a new termination right for unanswered requests.
Key Highlights
- Merger Agreement End Date extended from March 31, 2026, to July 31, 2026.
- Lock-up provisions for certain Acquiror Securities to expire if stock hits $20.00.
- Acquiror Securities clarified to include 8,295,800 rights (829,580 shares).
- New termination right if written request is unanswered for 5 business days.