M&A
confidence high
sentiment neutral
materiality 0.60
FGMC amends Boxabl merger deal with revised lock-up provisions for company and sponsor shares
FG Merger II Corp.
- 50% of company lock-up shares released 6 months post-close if $12.00 price met for 20 of 30 days; remaining at 13 months.
- Sponsor lock-up releases 50% at earlier of 12 months or $12.00 price condition, rest at 12 months.
- Both lock-ups terminate early if stock trades at or above $20.00 per share intra-day.
- Third Amendment to Merger Agreement dated May 6, 2026 executed among FGMC, BOXABL, and Merger Sub.