Boxabl signs definitive merger with SPAC FGMC at $3.5B valuation; expects Nasdaq listing under BXBL

BOXABL Inc.

Aggregate merger consideration of $3.5B, with FGMC issuing 350M shares to Boxabl holders at $10/share deemed value.
Existing Boxabl shareholders roll 100% of equity into combined company; no minimum cash condition in the deal.
Co-CEOs Paolo and Galiano Tiramani to continue leading the combined company post-close.
Closing expected by Dec 31, 2025, subject to stockholder approvals, HSR clearance, and Nasdaq/NYSE listing approval.
Boxabl has raised over $230M from 50,000+ investors; FGMC currently trades on Nasdaq under FGMC.

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