FG Merger II Corp.

FG Merger II Corp. announced that the deadline for public stockholders to exercise redemption rights for its business combination with BOXABL Inc. passed on June 5, 2026. Approximately 6.6 million shares were tendered for redemption, resulting in $68.8 million being removed from the trust account. Following these redemptions, $14 million remains in the trust account, and 1.38 million public shares are outstanding. A special meeting is scheduled for June 9, 2026, for stockholders to vote on the proposed merger, with the board recommending approval.

FG Merger II Corp. (FGMC) and BOXABL Inc. entered into an OTC Equity Prepaid Forward Transaction with Atsion Opportunity Fund LLC – Series 2. Half of this agreement, representing up to 1,500,000 shares, was subsequently novated to FG Capital Partners, LLC, an entity affiliated with FGMC's officers and directors, making it a related party transaction. The agreement aims to provide access to potential additional growth capital for the upcoming Business Combination, replacing redeemed Trust assets, rather than fulfilling minimum cash requirements.

FG Merger II Corp. (FGMC) entered into a Third Amendment to its Agreement and Plan of Merger with BOXABL Inc. and FG Merger Sub II Inc. on May 6, 2026. This amendment revises the lock-up agreements for both Company and Sponsor shares. The new terms specify conditions for the release of shares, including price targets and timeframes, and outline conditions for early termination of the lock-up periods.

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.