BOXABL and FG Merger II Corp. Reveal Public Filing of Registration Statement on Form S-4 Alongside Joint Proxy Statement/Prospectus for Proposed Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2025
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Should l Buy FGMC?
Source: Newsfilter
Merger Announcement: Boxabl Inc. and FG Merger II Corp. have filed a registration statement with the SEC for their merger, valuing Boxabl at approximately $3.5 billion, with plans for the combined company to trade on Nasdaq under the ticker "BXBL."
Company Overview: Boxabl specializes in modular housing solutions, aiming to provide affordable homes quickly, with products like the Casita and Baby Box, while FG Merger II Corp. is a SPAC formed to facilitate business combinations.
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Analyst Views on FGMC
About FGMC
FG Merger II Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. It intends to focus on businesses in the financial services industry. The Company neither engaged in any operations nor generated any revenue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Monteverde & Associates Investigates Mergers for Shareholder Gains in Multiple Companies
- Shareholder Return Investigation: Monteverde & Associates is investigating the merger between Tamboran Resources and Falcon Oil & Gas, where Tamboran shareholders will own 73.2% of the combined entity post-transaction, potentially leading to significant capital appreciation for shareholders.
- Transaction Details Revealed: In the deal between First Foundation Inc. and FirstSun Capital Bancorp, First Foundation shareholders will receive 0.16083 shares of FirstSun common stock for each share held, which is expected to enhance shareholder returns.
- Merger Progress Update: FG Merger II Corp.'s merger with Boxabl Inc. will convert Boxabl common stock into FG Merger common stock based on an exchange ratio, likely strengthening the competitive position of the merged entity.
- Shareholder Voting Schedule: In the transaction involving Middlefield Banc Corp. and Farmers National Banc Corp., Middlefield shareholders will receive 2.6 shares of Farmers common stock per share of Middlefield, with the shareholder vote set for February 10, 2026, which may influence shareholder decisions and future earnings.
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BOXABL Secures California Commercial Modular Manufacturer License, Accelerating Market Expansion
- License Acquisition: BOXABL has secured a California Commercial Modular Manufacturer license, enabling it to manufacture and deploy modular units in compliance with stringent building standards, thereby broadening market access and accelerating growth in California's dynamic market.
- Commitment to Innovation: CFO Martin Costas stated that this license represents a significant milestone in the company's commitment to innovation and regulatory excellence, reinforcing the strength of its manufacturing processes to meet the growing demand for high-quality modular solutions.
- Commercial Opportunity: The company has recently entered into a significant contract with an industry leader, and this license serves as a key enabler for capitalizing on that opportunity, which is expected to enhance BOXABL's impact across various industries.
- Merger Progress: BOXABL is advancing its merger with FG Merger II Corp., which is anticipated to provide enhanced resources for scaling production, further strengthening its competitive position in the market.
See More
BOXABL Secures California Commercial Modular Manufacturer License
- License Acquisition: BOXABL has secured a California Commercial Modular Manufacturer license, enabling it to produce and deploy modular units in compliance with stringent building standards, thereby broadening market access and accelerating growth in California.
- Market Demand Response: The acquisition of this license marks a significant milestone in BOXABL's commitment to innovation and regulatory excellence, which is expected to meet the growing demand for efficient, high-quality modular solutions and further solidify its market position.
- Commercial Application Expansion: Following a significant contract with an industry leader, the license serves as a key enabler for BOXABL to capitalize on this commercial opportunity, facilitating expansion across multiple industries.
- Merger Progress: BOXABL is advancing its merger with FG Merger II Corp., which is expected to provide enhanced resources to scale production, thereby increasing its impact across diverse sectors.
See More
BOXABL Appoints Housing Expert Morris A. Davis to Board Ahead of $3.5B Merger
- Expert Appointment: BOXABL has appointed housing economics expert Dr. Morris A. Davis to its Board of Directors, effective January 1, 2026, whose extensive experience in reducing housing costs and expanding supply is expected to provide strategic advantages for the company.
- Policy Influence: As the former Chief Housing Economist at the White House, Davis directly contributed to housing policy under the Trump administration, and his expertise is anticipated to assist BOXABL in scaling production of high-quality housing units post-merger with FG Merger II Corp.
- Market Opportunity: The merger with FG Merger II Corp. is expected to provide BOXABL with a valuation of $3.5 billion and necessary capital to address the U.S. housing shortage while ramping up factory output.
- Growth Strategy: Davis's addition comes at a pivotal moment for BOXABL as it enters a phase of rapid growth, with expectations that his deep understanding of federal incentives and market dynamics will drive the company's expansion in the prefab housing sector.
See More
BOXABL Appoints Housing Expert Morris A. Davis to Board Ahead of $3.5B Merger
- Expert Appointment: BOXABL has announced the appointment of housing economics expert Morris A. Davis to its Board of Directors, effective January 1, 2026, whose extensive experience in reducing housing costs and expanding supply is expected to provide strategic advantages for the company.
- Policy Impact: As the former Chief Housing Economist at the White House, Davis played a pivotal role in shaping policies aimed at lowering housing costs, aligning seamlessly with BOXABL's mission to address the housing crisis through high-quality prefab homes.
- Merger Outlook: The merger with FG Merger II Corp. is expected to close in early 2026, valuing BOXABL at $3.5 billion, which will provide the necessary capital to ramp up factory output and directly tackle the U.S. housing shortage.
- Growth Potential: Davis's expertise is anticipated to guide BOXABL in leveraging federal incentives and market dynamics post-merger, promoting prefab adoption and reducing costs for first-time buyers, thereby enhancing the company's competitiveness in the housing market.
See More
Elon Musk Purchases Boxabl's $50,000 Tiny Home as Tesla Collaborates with the Company for Supercharger Infrastructure
Elon Musk and Boxabl Partnership: Elon Musk has partnered with Boxabl to design and build a "Micromenity" for Tesla Supercharger locations, aiming to enhance user experience with amenities like restrooms and vending machines.
Boxabl's Growth and Vision: Boxabl, known for its innovative housing solutions, aims to produce homes rapidly and has secured deals with major companies, including D.R. Horton and the U.S. Department of Defense, while also exploring future projects like building homes for SpaceX.
Potential for Expansion: The initial agreement with Tesla could serve as a proof of concept, potentially leading to more units being built at Supercharger locations, which could enhance Tesla's service offerings and provide marketing benefits for Boxabl.
Future Aspirations: Boxabl's founder has humorously suggested that their modular homes could even be used for colonization efforts on Mars, aligning with Musk's broader vision for space exploration.
See More
Monteverde & Associates Investigates Mergers for Shareholder Gains in Multiple Companies
- Shareholder Return Investigation: Monteverde & Associates is investigating the merger between Tamboran Resources and Falcon Oil & Gas, where Tamboran shareholders will own 73.2% of the combined entity post-transaction, potentially leading to significant capital appreciation for shareholders.
- Transaction Details Revealed: In the deal between First Foundation Inc. and FirstSun Capital Bancorp, First Foundation shareholders will receive 0.16083 shares of FirstSun common stock for each share held, which is expected to enhance shareholder returns.
- Merger Progress Update: FG Merger II Corp.'s merger with Boxabl Inc. will convert Boxabl common stock into FG Merger common stock based on an exchange ratio, likely strengthening the competitive position of the merged entity.
- Shareholder Voting Schedule: In the transaction involving Middlefield Banc Corp. and Farmers National Banc Corp., Middlefield shareholders will receive 2.6 shares of Farmers common stock per share of Middlefield, with the shareholder vote set for February 10, 2026, which may influence shareholder decisions and future earnings.
See More
BOXABL Secures California Commercial Modular Manufacturer License, Accelerating Market Expansion
- License Acquisition: BOXABL has secured a California Commercial Modular Manufacturer license, enabling it to manufacture and deploy modular units in compliance with stringent building standards, thereby broadening market access and accelerating growth in California's dynamic market.
- Commitment to Innovation: CFO Martin Costas stated that this license represents a significant milestone in the company's commitment to innovation and regulatory excellence, reinforcing the strength of its manufacturing processes to meet the growing demand for high-quality modular solutions.
- Commercial Opportunity: The company has recently entered into a significant contract with an industry leader, and this license serves as a key enabler for capitalizing on that opportunity, which is expected to enhance BOXABL's impact across various industries.
- Merger Progress: BOXABL is advancing its merger with FG Merger II Corp., which is anticipated to provide enhanced resources for scaling production, further strengthening its competitive position in the market.
See More
BOXABL Secures California Commercial Modular Manufacturer License
- License Acquisition: BOXABL has secured a California Commercial Modular Manufacturer license, enabling it to produce and deploy modular units in compliance with stringent building standards, thereby broadening market access and accelerating growth in California.
- Market Demand Response: The acquisition of this license marks a significant milestone in BOXABL's commitment to innovation and regulatory excellence, which is expected to meet the growing demand for efficient, high-quality modular solutions and further solidify its market position.
- Commercial Application Expansion: Following a significant contract with an industry leader, the license serves as a key enabler for BOXABL to capitalize on this commercial opportunity, facilitating expansion across multiple industries.
- Merger Progress: BOXABL is advancing its merger with FG Merger II Corp., which is expected to provide enhanced resources to scale production, thereby increasing its impact across diverse sectors.
See More
BOXABL Appoints Housing Expert Morris A. Davis to Board Ahead of $3.5B Merger
- Expert Appointment: BOXABL has appointed housing economics expert Dr. Morris A. Davis to its Board of Directors, effective January 1, 2026, whose extensive experience in reducing housing costs and expanding supply is expected to provide strategic advantages for the company.
- Policy Influence: As the former Chief Housing Economist at the White House, Davis directly contributed to housing policy under the Trump administration, and his expertise is anticipated to assist BOXABL in scaling production of high-quality housing units post-merger with FG Merger II Corp.
- Market Opportunity: The merger with FG Merger II Corp. is expected to provide BOXABL with a valuation of $3.5 billion and necessary capital to address the U.S. housing shortage while ramping up factory output.
- Growth Strategy: Davis's addition comes at a pivotal moment for BOXABL as it enters a phase of rapid growth, with expectations that his deep understanding of federal incentives and market dynamics will drive the company's expansion in the prefab housing sector.
See More
BOXABL Appoints Housing Expert Morris A. Davis to Board Ahead of $3.5B Merger
- Expert Appointment: BOXABL has announced the appointment of housing economics expert Morris A. Davis to its Board of Directors, effective January 1, 2026, whose extensive experience in reducing housing costs and expanding supply is expected to provide strategic advantages for the company.
- Policy Impact: As the former Chief Housing Economist at the White House, Davis played a pivotal role in shaping policies aimed at lowering housing costs, aligning seamlessly with BOXABL's mission to address the housing crisis through high-quality prefab homes.
- Merger Outlook: The merger with FG Merger II Corp. is expected to close in early 2026, valuing BOXABL at $3.5 billion, which will provide the necessary capital to ramp up factory output and directly tackle the U.S. housing shortage.
- Growth Potential: Davis's expertise is anticipated to guide BOXABL in leveraging federal incentives and market dynamics post-merger, promoting prefab adoption and reducing costs for first-time buyers, thereby enhancing the company's competitiveness in the housing market.
See More
Elon Musk Purchases Boxabl's $50,000 Tiny Home as Tesla Collaborates with the Company for Supercharger Infrastructure
Elon Musk and Boxabl Partnership: Elon Musk has partnered with Boxabl to design and build a "Micromenity" for Tesla Supercharger locations, aiming to enhance user experience with amenities like restrooms and vending machines.
Boxabl's Growth and Vision: Boxabl, known for its innovative housing solutions, aims to produce homes rapidly and has secured deals with major companies, including D.R. Horton and the U.S. Department of Defense, while also exploring future projects like building homes for SpaceX.
Potential for Expansion: The initial agreement with Tesla could serve as a proof of concept, potentially leading to more units being built at Supercharger locations, which could enhance Tesla's service offerings and provide marketing benefits for Boxabl.
Future Aspirations: Boxabl's founder has humorously suggested that their modular homes could even be used for colonization efforts on Mars, aligning with Musk's broader vision for space exploration.
See More
