BOXABL Inc. has completed its business combination with FG Merger II Corp., becoming a publicly traded company on the Nasdaq Stock Market under the ticker symbol BXBL effective July 20, 2026. The merger values BOXABL at $3.5 billion, based on a deemed value of $10 per share, and marks the company's transition to public trading following stockholder approval on June 9, 2026. This move positions BOXABL to scale its operations in the factory-built housing sector.

Under the terms of the merger, FG Merger II Corp. issued 350 million shares to BOXABL stockholders. All existing BOXABL shareholders rolled 100% of their equity into the combined company, demonstrating alignment and long-term commitment. Additionally, the company issued 800,000 shares of common stock to the holders of FGMC's outstanding rights, which are no longer outstanding or trading on the Nasdaq stock market.

Key Transaction Details

The business combination was approved by FGMC stockholders at a special meeting held on June 9, 2026. Following the closing, FG Merger II Corp. was renamed BOXABL Inc. The table below summarizes the key financial and transaction metrics disclosed in the filing.

Business Overview and Strategy

BOXABL aims to disrupt the traditional housing construction industry by delivering affordable, high-quality homes at an accelerated pace. Its flagship product is the Casita, a 361-square-foot studio unit complete with a full kitchen, bathroom, and utilities, designed to unfold on-site in under an hour. The company also offers the smaller 120-square-foot Baby Box and is developing stackable and connectable models for larger residential structures like townhomes and multifamily units.

To date, BOXABL has raised over $230 million from more than 50,000 investors, indicating substantial public interest in its vision. The completion of the SPAC merger provides the company with access to public capital markets to fund its growth and expansion plans.

BOXABL, a Las Vegas-based technology company, has executed a representation, import, and distribution agreement with TerraCaita Limited to expand its reach in the United Kingdom and Ireland. The partnership aims to introduce BOXABL's factory-built homes to new international markets, leveraging TerraCaita's local presence for market development and regulatory engagement. As BOXABL moves toward its anticipated merger with FG Merger II Corp. and subsequent public listing, this agreement supports its strategy to increase product awareness domestically and abroad.

Under the terms of the agreement, TerraCaita Limited will represent BOXABL products throughout the United Kingdom, the Channel Islands, Northern Ireland, and the Republic of Ireland. To support these efforts, BOXABL will provide two Casita units to facilitate display, demonstration, and marketing activities within the region. The collaboration will also focus on securing regulatory approvals and driving customer engagement to create future sales opportunities.

Key Agreement Details

The partnership outlines specific roles and contributions for both entities to ensure successful market penetration:

TerraCaita plans to actively support local market development and regulatory engagement as interest in innovative housing solutions grows across the targeted territories. The agreement signifies a step in BOXABL's broader efforts to introduce its housing products to international markets.