The June 9 shareholder vote is the next key catalyst. Monitor for redemption trends in FGMC's trust and any opposition filings. The structured preferred conversion schedule caps near-term selling pressure but creates a known dilution path starting ~14 months post-close.
Price Chart
Executive Summary
FG Merger II Corp. (FGMC) filed a Rule 425 communication updating its investor website and FAQs in connection with its pending business combination with Boxabl Inc. The filing confirms the special shareholder meeting is scheduled for June 9, 2026, and reiterates the $3.5 billion enterprise valuation, 350 million shares at $10 per share, and 100% equity rollover. No changes to deal terms were disclosed. The filing also details a structured preferred stock conversion plan beginning ~14 months post-close, with 20% converting monthly thereafter.
Key Financial Metrics
Key Facts
- Special shareholder meeting scheduled for June 9, 2026, at 11:00 am PDT.
- Enterprise valuation of $3.5 billion, with 350 million shares to be issued at $10 per share.
- 100% equity rollover with no minimum cash condition.
- Preferred stock conversion plan: 20% converts ~14 months post-close, then 20% monthly until fully converted.
- Third amendment to merger agreement filed same day, replacing forms of Company and Sponsor Lock-Up Agreements.
- Boxabl reports $235M+ total raised, 800+ homes built, 53 patent filings, and 200K+ customer inquiries.
Financial Impact
Deal valued at $3.5 billion enterprise value; Boxabl has raised $235M+ to date.
Risk Factors
- Shareholder redemptions could reduce cash available post-merger.
- Regulatory approvals and closing conditions may delay or prevent the transaction.
- Boxabl's history of losses and emerging technology risks.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001104659-26-060395 |
| Document: 0001104659-26-060395-index-headers.html | 0001104659-26-060395 |
| Document: 0001104659-26-060395-index.html | 0001104659-26-060395 |
| Document: 0001104659-26-060395.txt | 0001104659-26-060395 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 425 | $0.9905 $0.9071 | ▲ +8.42% | ▲ +10.31% | — |
Jun 9, 2026 20w ago | 425 | $0.9819 $0.9071 | ▼ −7.62% | ▼ −11.24% | — |
Jun 8, 2026 20w ago | 425 | $0.9537 $0.8800 | ▲ +7.73% | ▲ +9.17% | — |
Jun 3, 2026 20w ago | 425 | $0.8400 $0.8700 | ▲ +3.57% | ▲ +4.70% | — |
May 29, 2026 21w ago | 425 | $0.8100 $0.9900 | ▲ +22.22% | ▲ +25.86% | — |
May 29, 2026 21w ago | 8-K | $0.8100 $0.9900 | ▲ +22.22% | ▲ +25.86% | — |
May 26, 2026 22w ago | 425 | $0.7560 $0.8849 | ▲ +17.05% | ▲ +19.34% | — |
May 21, 2026 22w ago | DEFA14A | — | awaiting T+20 | — | — |
May 13, 2026 23w ago | DEFA14A | — | awaiting T+20 | — | — |
May 13, 2026 23w ago | 425 | — | awaiting T+20 | — | — |
US Market Status
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