---
title: "BOXABL Completes FG Merger II SPAC Deal, Lists on Nasdaq"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293675487.md"
description: "BOXABL Inc. completed its merger with FG Merger II Corp., listing on Nasdaq under ticker BXBL on July 20, 2026. The deal resulted in approximately 241.5 million common shares outstanding and a dual-class share structure concentrating voting power with co-CEOs Paolo and Galiano Tiramani. BOXABL, a modular housing developer, implemented lock-up agreements and adopted an incentive plan. The company faces risks including limited operating history and capital needs."
datetime: "2026-07-23T21:49:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293675487.md)
  - [en](https://longbridge.com/en/news/293675487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293675487.md)
generator: "portal-rs"
---

# BOXABL Completes FG Merger II SPAC Deal, Lists on Nasdaq

An announcement from BOXABL Inc ( (BXBL) ) is now available.

On July 17, 2026, BOXABL Inc. and FG Merger II Corp. completed their business combination, ending FGMC’s status as a shell company and leading to BOXABL’s Class A common stock listing on Nasdaq under the symbol BXBL on July 20, 2026. The transaction left the combined company with roughly 241.5 million common shares outstanding, a mix of Class A and high-vote Class B stock, plus 103.5 million shares of merger preferred stock and 1 million warrants exercisable at $15.

In connection with the deal, BOXABL implemented lock-up agreements restricting insiders’ share sales for up to 12 months, adopted a 75 million-share omnibus incentive plan, and put indemnification arrangements in place for directors and officers. Governance was reshaped with a new board and committee structure, while the company highlighted key risks including its limited operating history, capital needs, regulatory approvals for modular housing and the potential dilution from preferred stock conversion, issues closely watched by investors in the newly public company.

**More about BOXABL Inc**

BOXABL Inc. operates in the modular housing industry, developing factory-built, foldable homes aimed at providing lower-cost, rapidly deployable residential units. Following its merger with special purpose acquisition company FG Merger II Corp., the combined company is listed on Nasdaq under the ticker BXBL and has a dual-class share structure that concentrates voting power with co-CEOs Paolo and Galiano Tiramani.

**Average Trading Volume:** 275,353

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $8.44M

For an in-depth examination of BXBL stock, go to TipRanks’ Overview page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**