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.