Core Viewpoint - Boxabl Inc. is moving forward with its merger with FG Merger II Corp, aiming to become a publicly traded company, which is expected to enhance its market growth and value creation for customers and investors [4][7]. Company Overview - Boxabl is focused on innovative housing solutions, particularly through modular building systems that provide affordable and high-quality homes quickly [5]. - The flagship product, Casita, is a 361 square foot studio unit that can be set up in less than an hour [5]. - Boxabl is also developing smaller units like the Baby Box and plans for stackable models to create larger living spaces [5]. Merger Details - The merger values Boxabl at approximately $3.5 billion, with FG Merger II Corp. expected to issue 350 million shares to Boxabl stockholders [7][8]. - The combined company will trade on Nasdaq under the ticker "BXBL" after the merger [7]. - Completion of the merger is contingent upon SEC approval and stockholder votes from both companies [3][10]. Strategic Leadership - Boxabl's founders, Paolo and Galiano Tiramani, will continue to lead the combined entity post-merger [4]. - The leadership emphasizes that going public will facilitate the acceleration of their mission to deliver affordable housing solutions [4]. Regulatory Process - A registration statement on Form S-4 has been filed with the SEC, which includes a preliminary joint proxy statement and prospectus for stockholders [10]. - Stockholders are encouraged to review the registration statement for detailed information regarding the merger [3][10].
BOXABL and FG Merger II Corp. Announce Public Filing of Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus in Connection with Proposed Merger