BOXABL closes $3.5B SPAC merger, begins trading on Nasdaq as BXBL

FG Merger II Corp.

Merger closed July 17, 2026; BOXABL merged into FGMC, renamed BOXABL Inc.; common stock trades on Nasdaq as BXBL.
Aggregate merger consideration of $3.5B based on $10.00/share; issued 246.5M common and 103.5M preferred shares to former BOXABL holders.
3,466,086 FGMC shares redeemed for $36,048,176; post-closing common shares outstanding ~241.5M.
Lock-up agreements: 50% lock-up ends earlier of 12 months or $12.00 closing price for 20 trading days; remaining 50% ends 12 months.
New leadership: Paolo Tiramani (Co-CEO/Chairman), Galiano Tiramani (Co-CEO/Director), Martin Noe Costas (CFO); three independent directors appointed.

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