FG Merger II Pushes Boxabl Deal Deadline to July 31
Summary
FG Merger II Corp. (FGMC) and Boxabl Inc. have entered a second amendment to their merger agreement on April 6, 2026, extending the end date for their proposed merger to July 31, 2026. This follows the company's 10-K filing on March 31, 2026, which had previously extended the merger deadline to March 31, 2026. The new extension indicates that the significant $3.5 billion merger with Boxabl is still active but requires additional time to finalize. For a SPAC like FGMC, such extensions are common but signal ongoing complexities or delays in closing the transaction. Investors will need to monitor for further updates on the merger's progress, including any additional amendments or a definitive closing announcement before the new July 31 deadline.
At the time of this announcement, FGMC was trading at $10.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $104.1M. The 52-week trading range was $9.57 to $10.25. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.