Factory-Built Housing Innovator Officially Becomes a Publicly Traded Company; Merger Closes Following Stockholder Approval Secured on June 9, 2026

Shares will begin trading on the Nasdaq Stock Market under the ticker symbols "BXBL" on July 20, 2026

LAS VEGAS, July 17, 2026 /PRNewswire/ -- BOXABL Inc. ("BOXABL" or the "Company") today announces the successful completion of its previously announced business combination (the "Business Combination") with FG Merger II Corp. (NASDAQ:FGMC) ("FGMC"), a publicly traded special purpose acquisition company. The Business Combination was approved by FGMC stockholders at a special meeting held on June 9, 2026.

In connection with the closing, FG Merger II Corp. has been renamed "BOXABL Inc." and the combined company's common stock is expected to commence trading on the Nasdaq stock market under the ticker symbol BXBL effective Monday, July 20, 2026. Under the terms of the merger, FGMC issued 350 million shares to BOXABL stockholders, representing the $3.5 billion valuation based on a deemed value of $10 per share. Notably, all existing BOXABL shareholders will roll 100% of their equity into the combined company, demonstrating alignment and long-term commitment. Additionally, the Company issued an aggregate of 800,000 shares of common stock to the holders of FGMC's outstanding rights pursuant to the terms of the rights, and such rights are no longer outstanding or trading on the Nasdaq stock market.

BOXABL aims to disrupt the traditional housing construction industry by delivering affordable, high-quality homes at an accelerated pace. Its flagship product, the 361-square-foot Casita, is a 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.