FG Merger II to merge with Boxabl and pursue Nasdaq listing

FG Merger II (FGMC) and Boxabl, a provider of innovative housing solutions, have signed a definitive merger agreement. Upon closing of the merger, the newly combined company is expected to continue listing on the Nasdaq Stock Market under the symbol “BXBL.” To date, Boxabl has raised over $230M from over 50,000 investors. FGMC will change its name to Boxabl upon a successful closing. The merger should allow Boxabl to expand production capabilities, invest in research and development, and meet growing global demand for its modular building systems. Existing shareholders will roll 100% of their equity in BOXABL into the combined company. FGMC to issue 350,000,000 shares to BOXABL, valuing BOXABL at $3.5B. Transaction includes no minimum cash condition. Boxabl is led by founders and Co-CEO’s, Paolo and Galiano Tiramani who will continue to lead the combined company following the closing of transaction.