FGMC Stockholders to Vote on BOXABL Merger June 9, Setting Final Path to Closing
FGMC is trading near its 52-week low of $9.73 (7.2% above the low) on elevated volume (4.7× avg).
Summary
FG Merger II Corp. has scheduled a special meeting for June 9, 2026, for stockholders to vote on the proposed business combination with BOXABL Inc. This is a critical final step in the SPAC merger process, following recent amendments to the merger agreement and FGMC's securing of a $30 million equity forward. Stockholders who do not redeem their shares by June 5 will become BOXABL stockholders upon closing, at which point FGMC will be renamed BOXABL, Inc. and re-list under the ticker 'BXBL'. The outcome of this vote is essential for the completion of the deal.
At the time of this announcement, FGMC was trading at $10.43 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $106.8M. The 52-week trading range was $9.73 to $10.46. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.