FGMC
FG Merger II Corp. Common stock
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Reddit Posts
BOXABL preferred investors: are people understanding what this SPAC structure actually means?
AMA#120 with CEO and Founder of Boxabl ($FGMC / $FGMCR) Galiano Tiramani
BOXABL merge with FGMC / Discussion
Blue Horseshoe Loves FG Merger II Corp
BOXABL Announces Intent to Merge with a SPAC, Targeting Nasdaq Listing
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Wtf is this company - I just googled them and the site descriptions all show the same message for the search results. "Boxabl plans Nasdaq trading after June 9 shareholder vote. $FGMC holders will become $BXBL investors upon closing" Never seen anything like that - they seem a little one track minded with their IPO couldn't even tell what they do. That structure is rough though. Insider and Pre-IPO shares usually have 6 month lockup. If the company execs aren't facing similar terms and be selling that'd be pretty insulting lol. Even then - the extended length and THEN periodic conversions are weird. Tin foil hat I wonder if they've approved any incentives for the execs tied to the stock and that's why they want to keep everyone in so long.
BOXABL and FG MERGER II CORP. moving forword. Quote As of May-13-2026 1:57 p.m. ET $0.6701+$0.0711 (+11.87%) Bid x Size $0.67 x 12,200 Ask x Size $0.69 x 5,300 Volume 145,132 90 day avg. vol. 34,035 Open $0.624999 Previous close May-12-2026 $0.599 Day range Low$0.624999High$0.73 P/E ratio (TTM) Filed Pursuant to Rule 424(b)(3) Registration No. 333-290357 PROXY STATEMENT FOR SPECIAL MEETING OF STOCKHOLDERS OF FG MERGER II CORP. PROXY STATEMENT FOR SPECIAL MEETING OF STOCKHOLDERS OF BOXABL INC. PROSPECTUS FOR 246,524,760 SHARES OF COMMON STOCK AND 103,475,240 SHARES OF PREFERRED STOCK OF FG MERGER II CORP. (WHICH WILL BE RENAMED BOXABL INC.) AND PROSPECTUS FOR 10,295,800 SHARES OF COMMON STOCK AND 8,295,800 RIGHTS AND 1,000,000 WARRANTS OF FG MERGER II CORP. (WHICH WILL BE RENAMED BOXABL INC.) Dear Stockholders of FG Merger II Corp. Corporation and Stockholders of BOXABL Inc.: The board of directors of FG Merger II Corp., a Nevada corporation (“FGMC”), and the board of directors of BOXABL Inc., a Nevada corporation (“BOXABL”), have each approved, as applicable: (i) the conversion of FGMC from a Nevada corporation to a Texas corporation (the “Conversion”) in accordance with the applicable provisions of Nevada Revised Statutes (“NRS”) Chapters 75, 78 and 92A (collectively, the “Nevada Act”) and the Texas Business Organizations Code, as amended from time to time (the “TBOC”); (ii) the merger of FG Merger Sub II Inc. (“Merger Sub”) with and into BOXABL, in accordance with the applicable provisions of the Nevada Act (the “First Merger”), with BOXABL continuing as the surviving entity (the “First Merger Surviving Company”); (iii) the merger of the First Merger Surviving Company with and into FGMC in accordance with the applicable provisions of the Nevada Act and the TBOC (the “Second Merger” and, together with the First Merger, the “Business Combination”), with FGMC continuing as the surviving entity (the “Second Merger Surviving Company” or “Combined Company”), pursuant to the terms of the Agreement and Plan of Merger, dated as of August 5, 2025, by and among FGMC, Merger Sub and BOXABL, attached to the accompanying joint proxy statement/prospectus as Annex A (as amended on November 3, 2025, April 6, 2026, May 6, 2026 and as it may be further amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), as more fully described elsewhere in the accompanying joint proxy statement/prospectus; and (iv) the other transactions contemplated by the Merger Agreement and documents related thereto. In connection with the Business Combination, FGMC will be renamed “BOXABL Inc.” The “Combined Company” shall refer to FGMC, as so renamed, immediately after the closing of the Business Combination (the “Closing”). At the effective time of the First Merger, each share of BOXABL’s common stock, par value $0.00001 (“BOXABL Common Stock”) (other than certain excluded shares and any shares held by stockholders who properly exercise and do not lose their dissenter’s rights under applicable Nevada law) will be converted into the right to receive a number of shares of common stock of the Combined Company (“Combined Company Common Stock”), as determined by the exchange ratio set forth in the Merger Agreement (the “Common Exchange Ratio”). The Common Exchange Ratio equals the Aggregate Common Stock Consideration (as defined below) divided by the sum of (x) the number of shares of BOXABL Common Stock outstanding immediately prior to the effective time of the First Merger (“First Merger Effective Time”) and (y) the number of shares of BOXABL Common Stock underlying all outstanding securities of BOXABL that are convertible into, exercisable for or exchangeable for shares of BOXABL Common Stock outstanding immediately prior to the First Merger Effective Time. “Aggregate Common Stock Consideration” means the number of shares of Combined Company Common Stock equal to the portion of $3,500,000,000 allocated to BOXABL Common Stock and the BOXABL convertible securities divided by $10.00. The Aggregate Common Stock Consideration is expected to be 246,524,760 shares (inclusive of shares issuable in respect of BOXABL convertible securities). No fractional shares will be issued; any fractional share
$FGMC set a vote date of June 6th on its amended S-4 filed yesterday. Shares are up 0.39% on the news.
FGMC people get educated on it and thank me down the line, just fucken look into it for fuck sake, your welcome
$FGMC figure it out scrubs, you don’t wanna miss this diamond
I'm buying and holding: toncoin because any day the CEO will walk from the case in France. Ondo because they are going to lead the way to new stock market on blockchain. Aptos because it's already got deals with stripe. And now an ETF pending. Reborn coffee because any day one of the 30+ new locations are going to open. All of these I suggest for anyone to check out. DJT simply because I am stupid and trying to minimize the loss. *Don't touch this, even with someone else's 10 ft pole.* Waiting on: DRS paperwork to move my Boxabl shares when FGMC merger happens. Long term this will be a great buy simply because housing is impossible and innovative products are inevitably needed. Kraken ipo. Undoubtedly will put Gemini to shame and contend with coinbase.
Someone wants FGMC rights today bad. Volume over 600,000 now.
[BOXABL Gains South Carolina Approval, Secures Horizons Getaways Contract for Multi-State Eco-Luxury Cabin Resorts Expansion](https://www.prnewswire.com/news-releases/boxabl-gains-south-carolina-approval-secures-horizons-getaways-contract-for-multi-state-eco-luxury-cabin-resorts-expansion-302568445.html) \- FGMC FGMCR News dropped about an hour after you posted about them.
Anyone else looking at $FGMC?
Wondering if anyone has anything they are looking at with sole intent of buying rights as a way in to get post SPAC shares super cheap to flip ? And I can’t recall seeing anything with rights that hasn’t tanked the day of/after despac. I had proposed Boxabl awhile back at 25 cents. FGMC still trading $10 handle. Vote and closing coming sooner than later.
Shares will convert of 12 Boxabl to 1 FGMC.
We are so back, baby. A startup I own via angel investing which report $3.3MM in revenue and a loss of $15.0MM in CoGS and an operational loss of **$41.1MM** in 2024 just emailed that it's going public via... SPAC! Boxabl will merge with FGMC and go public. I plan to sell my shares first chance I get lol.
You guys seen those Boxable houses? They’re going public with some spac called $FGMC. Not sure if it’ll pump but I have seen them running a ton of ads on IG the last year or so
Rights convert to common stock of the new company typically at a 10-1 ratio. There are some out there 1-1. But say you bought 10 FGMCR at a quarter each or $2.50. You’d get converted to 1 share of BOXABL stock then effectively at a cost of $2.50. So if you are super bullish and certain the merger will close some folks go the rights path. Why pay $10 or $11 for FGMC common ? The rub is though allot of people arb these and they will dump the new shares at will. That’s why often times if you see a SPAC tank from $10 to the new company XYZ at $3, it’s selling pressure from the rights converts who are selling at will. If your cost is $2.50. Even if you sell out at $3.50 that’s a massive win on a % basis.
[FGMC announces Boxabl Da](https://www.prnewswire.com/news-releases/boxabl-and-fg-merger-ii-corp-sign-merger-agreement-to-pursue-a-boxabl-public-listing-on-nasdaq-302521738.html). Pretty sure common will show a nice return despite them being able to take some expenses from trust. We'll see. Trust should be $10.19 according to alpharank minus whatever expenses thay're taking out.
Yo peeps—anyone else eyeing Boxabl? Their modular homes are dirt cheap (~$60K Casitas, $165/sq ft vs. $250/sq ft for regular houses) and they’ve got 190,000+ reservations. Factories are scaling up with a $1B expansion planned. Buzz is they’re going public via a SPAC merger with FGMC ($80M IPO), maybe listing as $BXBL on Nasdaq. Deal’s not final (LOI stage, SEC investigation floating), but this could be big for solving the housing crunch. Over 50K investors already dropped $200M+. TL;DR: Boxabl’s affordable homes + possible IPO/merger with FGMC = one to watch. Risky, but the demand’s real. Thoughts? 👇 Disclaimer: Not advice. DYOR.
🚀 Potential Boxabl IPO & FGMC Merger Could Shake Up Housing—Here’s Why It’s Worth Watching 🏠 Why Boxabl Is Worth Noticing Affordable Solution: Their Casita homes cost ~$60K, or ~$165/sq ft, versus $250/sq ft for traditional builds. With home prices soaring, this hits a real need. 🏠 Strong Demand: Over 190,000 reservations and 600+ homes delivered. Their backlog shows serious interest. Efficient Model: Factory-built, foldable homes built for scale. It’s a streamlined, sustainable approach to housing. Expansion Plans: Three factories running, with a $1B expansion in the works. They’re gearing up for growth. IPO & FGMC Merger Details Sources, including posts on X, suggest Boxabl may go public via a SPAC merger with FGMC (FG Merger II Corp), which raised $80M in its IPO. If finalized, Boxabl could list on Nasdaq as $BXBL. The deal’s in the LOI stage, so due diligence and approvals are pending, but a public listing could supercharge their production and market reach. Why It’s Relevant Housing Crisis Opportunity: Sky-high home prices make Boxabl’s affordable model a potential game-changer. Investor Support: Over 50,000 investors have committed $200M+. That’s a solid vote of confidence. SPAC Potential: SPACs carry risk, but Boxabl’s tangible progress sets it apart from less substantial deals. The Risks The merger isn’t locked in, and an SEC investigation has been mentioned (no major issues reported yet, but worth tracking). SPACs can be unpredictable, so research is key. TL;DR: Boxabl’s modular homes address a real housing problem, with a potential FGMC merger and Nasdaq IPO ($BXBL) in play. Strong demand and a scalable model make it one to watch. Monitor $FGMC for updates. What do you think? Is Boxabl a solid play or overhyped? Share your thoughts below! 👇 Disclaimer: Not financial advice. Always do your own research.
Same. Word on the street is the SPAC they might merge with is #FGMC if it moves anything like DWAC before becoming DJT .. ,🚀🚀🚀
The Boxabl company X page and one of the founders has commented on the X post. No denial just some funny emojis. Seems very possible $FGMC announcement could be imminent. https://x.com/BOXABL/status/1932596708732776709
FGMC trading .30 under NAV so stuck a little in there. Better off going after anything crypto or a hotter target although BOXABL does have a little name recognition.
[FG MERGER II CORP. REPORTS FIRST QUARTER 2025 INTERIM FINANCIAL RESULTS](https://www.prnewswire.com/news-releases/fg-merger-ii-corp-reports-first-quarter-2025-interim-financial-results-302444600.html) \- FGMC FGMCR This is unusual, most SPACs do issue quarterly earnings press releases. FGMC completed the IPO on January 30, 2025. "The value of the Company's trust account balance per share as of March 31, 2025, was approximately $10.14 per share. " FGMC stock has been trading around $9.60 to $9.70 per share all month, wonder if that has anything to do with FGMC issuing the press release.
I thought it might be FGMC however I was confused by the "hypothetical" that suggested redemption value of $10.30 (FGMC redemption value was $10.69). I guess the answer here hinges on whether the shares you borrowed were redeemed or not. Did you get the FGMC.spc corporate action line appearing in your account at any point? That is what typically shows up in IBKR if the shorted shares are redeemed. I believe redemptions were around 60% so it could go either way. If the shares were not redeemed then chances are you are short ICCT.mrg which is what the convertible preferred stock shows up as on IBKR. I don't believe it's tradeable as yet and you really need this to be tradeable in order to close your short. Interestingly, IBKR does quote a cost to borrow of 18.8% yearly for ICCT.mrg which is what you will pay until you can close your position (in addition to being liable for the 12% dividend).
>FGMC changed into ICCT Oh, that may be ***very*** bad. FGMC did not change into ICCT. ICCT was an OTC traded stock before the business combination closed. After the business combination closed, ICCT legacy shareholders got the new ICCT stock. FGMC changed into ***preferred*** shares of some unknown ticker that is supposed to be traded on the OTC BB. Read [this press release](https://www.globenewswire.com/news-release/2023/08/28/2732935/0/en/iCoreConnect-Announces-Clarification-Regarding-Trading-of-Common-Stock-Warrants-and-Preferred-Stock.html). You need to have tour broker find Preferred Stock (formerly FGMC Common Stock) CUSIP 450958202 ISIN US4509582023. ***That*** is what you need to use to close the short position.
Sorry to say, but you chose the wrong SPAC to short into deSPAC. FGMC did not change to ICCT. The SPAC shares (FGMC) changed into convertible preferred stock which is not publicly traded. See the Nasdaq Notice or read the proxy. I haven't due diligenced the preferred shares but you should know they have a floating convertible reset: "To provide downside protection against this execution risk, FGMC shareholders will be exchanged from common stock to convertible preferred stock, providing a key feature for FGMC shareholders, reset of the conversion price 12-months after the completion of the Business Combination. This conversion price adjustment allows for the effective valuation of the combination to be adjusted at 12-months after the combination to reflect the market’s view of iCoreConnect’s valuation at that point in time, providing downside protection to FGMC’s shareholders should it be less than at the Business Combination." So you are now short the preferred shares. If you bought ICCT to (incorrectly) cover your short, you are just straight long ICCT now. The FGMC you shorted won't cover it, unless you hold until the FGMC converts (which could be never). The good news is FGMC is probably a worthless security eventually. The bad news is that you can't close the short (unless you can find a buyer OTC to buy it from), you are likely going to be paying borrow on the FGMC preferred shares, and it will likely suck up margin.
It doesn't appear on my activity statements. Support is trying to figure it out still FGMC changed into ICCT IBKR went from 100k net liquidity pre short sale, to still 100k now with an open short position worth 10k, then to 90k and the short position disappeared from my portfolio 2 weeks ago without the position being bought back according to my activity statements. IBCS 2023/09/05 01:34:05 Dear Mr. ......, We are still looking into your FGMC corporate action, once I have an update, I will send it via this same ticket to you. Thank you. IBCS 2023/09/11 00:39:53 Dear Mr. ......., We are still following up closely with our corporate action team on this, apologies for the wait as we will provide you an update once I hear from them. Thank you.
ICCT shares on the OTC Market have been converted into shares of common stock of the combined entity, which will operate as iCoreConnect Inc. and will commence trading on The Nasdaq Capital Market under the ticker symbol “ICCT” on August 28, 2023. Every 29.84 shares of ICCT outstanding prior to the closing received one share of the combined company, an equivalent share price of $5.71 based on the August 25, 2023 close price of $0.19 per share for ICCT common stock. FGMC common stock that was not redeemed in connection with the business combination was exchanged for preferred stock of the combined company that will trade on the OTC market. Details of the preferred stock include:
As others have said, your timeline needs some clarity here. This wasn't just a reverse split, this was a SPAC merger. What did you own before the merger? ICCT (on the OTC market)? Or the SPAC, FGMC? And how many shares at that time?
Anyone here have FGMC stock before the ICoreConnect merger? ICCT started trading today. What a clusterf.... [iCoreConnect Announces Clarification Regarding Trading of Common Stock, Warrants and Preferred Stock](https://www.globenewswire.com/news-release/2023/08/28/2732935/0/en/iCoreConnect-Announces-Clarification-Regarding-Trading-of-Common-Stock-Warrants-and-Preferred-Stock.html) "ICCT shares on the OTC Market have been converted into shares of common stock of the combined entity, which will operate as iCoreConnect Inc. and will commence trading on The Nasdaq Capital Market under the ticker symbol “ICCT” on August 28, 2023. Every 29.84 shares of ICCT outstanding prior to the closing received one share of the combined company, an equivalent share price of $5.71 based on the August 25, 2023 close price of $0.19 per share for ICCT common stock." Those shares closed trading at $1.59, about a 72% decline on the ticker change for legacy ICCT stockholders. "FGMC common stock that was not redeemed in connection with the business combination was exchanged for preferred stock of the combined company that ***will trade*** **on the OTC market**." Will trade, but apparently not trading yet. Press release has the preferred stock details. "FGMC warrants have been converted into ***warrants for preferred stock*** of the combined company that ***will trade*** **on the OTC market**." So the OTC stock became NASDAQ stock, and the NASDAQ listed stock and warrants are going to the OTC.
[FG Merger Corp Schedules August 11, 2023 Shareholder Meeting to Vote For Business Combination with iCoreConnect](https://www.sec.gov/Archives/edgar/data/1906133/000110465923080141/tm2318322-4_424b3.htm) \- FGMC FGMCW FGMC previously scheduled a meeting on May 26 to vote for the business combination, then cancelled it until a later date.
Curious, the sponsor is paying $805,000 per month to extend the termination date, so not sure why they cancelled the meeting. "On May 24, 2023, FG Merger Corp. (“FGMC”) received notice ***from its sponsor, FG Merger Investors LLC (the “Sponsor”), requesting that FGMC extend*** (the “Extension”) the time available to FGMC to consummate its initial business combination from June 1, 2023 to September 1, 2023, in accordance with the terms of FGMC’s Amended and Restated Certificate of Incorporation. The Extension provides FGMC with additional time to complete its proposed business combination with iCoreConnect Inc. **In connection with the Extension and prior to June 1, 2023, the Sponsor or its affiliates or designees must deposit the amount of $805,000 into the trust account that was established for the benefit of FGMC’s public stockholders in connection with FGMC’s initial public offering.**"
$FGMC is straight up canceling their merger vote on the 26th. No rescheduling date set: https://www.sec.gov/Archives/edgar/data/1906133/000110465923064191/tm2316649d1\_8k.htm
[$FGMC to combine with iCoreConnect, a Cloud-Based SaaS Company Targeting the Healthcare Industry. Pro forma enterprise value of $98.0 million.](https://www.businesswire.com/news/home/20230106005090/en/)
Nonbank lender crisis happening before our eyes... and you guys talking about corns and 0dte TSLA calls. This is fucking 2008 happening again. FGMC declares bankruptcy after being unable to obtain capital. The 4th largest loan originator in America, loan depot, is hemorrhaging 100m a quarter. Starwood Capital putting up 1billion worth of SFH for sale.