Positive update from portco company @BOXABL
1. The Shareholder Vote is Scheduled
The most critical update is that FG Merger II (FGMC) and Boxabl have scheduled virtual special meetings for June 9, 2026. This is the meeting where shareholders will officially vote on whether to approve the merger.
2. SEC Review Status (S-4/A)
An amended S-4/A was filed as recently as May 6, 2026.
This filing contains the "prospectus," which outlines the registration of over 247 million shares of common stock and 102 million shares of preferred stock for the combined company.
The SEC has been reviewing these amendments. The scheduling of a vote date (June 9) typically suggests that the SEC review process is nearing completion or that the companies are confident in the "effectiveness" of the registration statement being declared shortly.
3. Merger Extension to July 31, 2026
An 8-K filed in mid-April confirmed that both parties mutually agreed to extend the "outside date" for the merger from March 31 to July 31, 2026. This extension was specifically designed to provide a "buffer" to clear the remaining regulatory hurdles and finalize the shareholder vote.
4. Key Financial Details confirmed in the latest S-4/A
Valuation: The deal is still pegged at a $3.5 billion aggregate merger consideration.
Ticker Symbol: Upon closing, the company will be renamed BOXABL Inc. and intends to list on the Nasdaq under the symbol BXBL.
Redemption Value: As of May 1, 2026, the illustrative trust-account redemption value for SPAC shareholders is approximately $10.36 per share.
h/t @PaoloTiramani and @GalianoTiramani.
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