Core Viewpoint - Boxabl Inc. and FG Merger II Corp. have signed an amendment to their merger agreement, extending the completion date from December 31, 2025, to March 31, 2026, while continuing to work towards finalizing the merger, which requires shareholder and regulatory approvals [2]. Company Overview Boxabl Inc. - Boxabl is focused on transforming the housing market with modular building systems that provide affordable, high-quality homes quickly. Founded in 2017, the company aims to address housing challenges globally [3]. - The flagship product, Casita, is a 361 square foot studio unit that includes a full kitchen, bathroom, and utilities, and can be set up on-site in less than an hour. Additionally, Boxabl is developing a smaller 120 square foot unit called the Baby Box, designed for simpler setups without foundations [3]. - Future developments include stackable and connectable box models that can create townhomes, multifamily units, or larger single-family homes [3]. FG Merger II Corp. - FG Merger II Corp. is a special purpose acquisition company (SPAC) created to facilitate mergers, share exchanges, and similar business combinations with other entities [4]. Merger Details - The merger between Boxabl and FG Merger II Corp. is expected to continue listing on the Nasdaq Stock Market under the symbol "BXBL" upon completion [2]. - The proposed transaction will be submitted to FGMC shareholders for their consideration, with a registration statement filed with the SEC that includes proxy statements and a prospectus related to the merger [5].
BOXABL and FG Merger II Corp. Extend Outside Date for Completion of Proposed Merger