FG Merger II Corp. Reports $68.8M Redemptions, Leaving $14M in Trust Ahead of Boxabl Merger Vote

summarizeSummary

FG Merger II Corp. announced that 6.6 million shares, totaling $68.8 million, were redeemed ahead of its Boxabl merger, leaving only $14 million in the trust account.

check_boxKey Events · Financing and Capital Events · FGMC

• Redemption Deadline Passed

  The deadline for public stockholders to exercise redemption rights for the business combination with BOXABL Inc. occurred on June 5, 2026.

• Significant Share Redemptions

  Approximately 6,615,950 shares of common stock were tendered for redemption, resulting in an outflow of approximately $68.8 million from the trust account.

• Reduced Trust Account Balance

  Following redemptions, only 1,384,050 public shares remain outstanding, and approximately $14 million will be left in FGMC's trust account.

• Upcoming Shareholder Vote

  A special meeting of stockholders is scheduled for June 9, 2026, to vote on the proposed business combination with BOXABL.

auto_awesomeAnalysis · FGMC · Real Estate & Construction

This filing provides critical, quantified details on the redemptions for the Boxabl merger, which directly impacts the cash available to the combined entity. The redemption of approximately $68.8 million, representing a significant portion of the trust account, leaves only $14 million for the post-merger company. This substantial reduction in available capital, following previous disclosures of extreme dilution, indicates severe financial constraints for the combined entity and raises concerns about its ability to execute business plans. The upcoming shareholder vote on June 9, 2026, will finalize the merger under these significantly altered financial conditions.