FG Merger II Corp. (NASDAQ: FGMC) is a special purpose acquisition company (SPAC) incorporated in Nevada and headquartered in Itasca, Illinois. The company was established to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. While its initial search was focused on the financial services sector in North America, the company ultimately targeted the innovative housing sector.
The company is currently engaged in a proposed $3.5 billion business combination with BOXABL Inc., a modular housing manufacturer known for its prefabricated homes such as the 'Casita' and 'Baby Box.' BOXABL manufactures these units in its facilities, designing them to be rapidly deployed and unfolded on-site to address affordable housing challenges. The transaction is structured as a two-step merger, after which FG Merger II Corp. will be renamed BOXABL Inc. and will operate as a publicly listed prefabricated housing company. As a pre-deal SPAC, FG Merger II Corp. currently generates no operating revenue and holds the proceeds from its January 2025 initial public offering in a trust account pending the completion of the business combination.
