Overview

• Boxabl and FG Merger II Corp. have signed a definitive merger deal valuing the combined entity at $3.5 billion for a Nasdaq listing under the ticker BXBL.
• All existing Boxabl investors will convert their private equity into public stock, resulting in the issuance of 350 million shares priced at $10 each.
• The merger agreement includes no minimum cash condition, allowing the transaction to proceed without a fixed funding threshold.
• Co-CEOs Paolo and Galiano Tiramani will continue to lead Boxabl following the closing of the deal.
• FG Merger II holds the right to terminate the merger if it is not completed by the end of 2025.