Recent 8-K filings for FGMC
Highest-materiality recent filing
FG Merger II Corp. to combine with BOXABL at $3.5B valuation; PIPE up to $55M
- FGMC to issue 350M shares to BOXABL holders at $10/share, valuing BOXABL at $3.5B.
- FGMC has $81.6M cash in trust (6/30/2025); no minimum cash requirement to close.
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FG Merger II Corp.: ~83% of public shares redeemed ahead of BOXABL merger vote; $68.8M withdrawn
Approximately 6,615,950 shares tendered for redemption at $10.40/share, removing ~$68.8M from trust.
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FGMC enters forward purchase agreement for up to 3M shares; related party novation to FGCP
Forward Purchase Agreement with Atsion for up to 3,000,000 shares at initial $10 reference price; prepayment from trust account.
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FGMC amends Boxabl merger deal with revised lock-up provisions for company and sponsor shares
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.
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Agreement end date extended from March 31, 2026 to July 31, 2026.
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FG Merger II and Boxabl extend merger outside date to March 31, 2026
Amendment pushes deal deadline from Dec 31, 2025 to March 31, 2026.
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FG Merger II Corp. to combine with BOXABL at $3.5B valuation; PIPE up to $55M
FGMC to issue 350M shares to BOXABL holders at $10/share, valuing BOXABL at $3.5B.
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BOXABL to go public via $3.5B SPAC merger with FG Merger II Corp.
FGMC to issue 350M shares to BOXABL at $10/share, valuing BOXABL at $3.5B.
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FG Merger II caps trust-withdrawal capacity at $1.2M per side letter
On May 14, 2025, the SPAC voluntarily limited aggregate trust withdrawals for working capital to $1,200,000 (down from $1M/year or $2M aggregate).
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Commencing Feb 11, 2025, holders of units from the Jan 30, 2025 IPO may elect to separate common stock and rights.
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FG Merger II Corp. closes IPO of 8M units at $10, raises $80M; $80.8M deposited in trust
SPAC sold 8,000,000 units at $10.00 each, generating $80,000,000 in gross proceeds.
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FG Merger II Corp. closes $80M IPO and private placements; trust funded with $80.8M
IPO of 8,000,000 units at $10.00 each, gross $80M; units trade on Nasdaq as "FGMCU".
Materiality & sentiment trend
Max materiality 0.75 · Median 0.60 · Most common event other_material