M&A
confidence high
sentiment neutral
materiality 0.60
BOXABL amends pro forma financials for $3.5B FGMC merger; corrects forward purchase agreement presentation
FG Merger II Corp.
- Amendment corrects pro forma presentation of forward purchase agreement, prepaid insurance, and transaction costs for BOXABL-FGMC merger.
- Merger consideration: $3.5B total, $10 per share; 246,524,760 common and 103,475,240 preferred shares issued to BOXABL holders.
- Actual redemption of 3,466,086 FGMC public shares for ~$36.0M at ~$10.40 per share; pro forma cash $28.8M.
- Pro forma ownership: BOXABL stockholders 68.93% common + 28.93% preferred; Sponsor 0.64%; FGMC public 1.49%.
- Business combination closed July 17, 2026; combined company renamed BOXABL Inc. (BXBL).