BOXABL Inc., a US-based company, has completed its business combination with FG Merger II Corp., marking the merger valued at $3.5 billion. The deal was closed on July 17, 2026.
| Acquirer | BOXABL (US) |
|---|---|
| Target | FG Merger II (US) |
| Deal Value | $3.5 billion |
| Type of Deal | Business Combination |
| Date Announced | July 17, 2026 |
| Date Closed | July 17, 2026 |
| Buy-side Financial Advisors | Benchmark, ThinkEquity, Cantor Fitzgerald & Co. |
| Sell-side Financial Advisors | Cantor Fitzgerald & Co., Benchmark |
| Buy-side Legal Advisors | Latham & Watkins, Winston Strawn, Loeb & Loeb |
| Sell-side Legal Advisors | Skadden Arps Slate Meagher & Flom |
The business combination aligns with BOXABL’s strategy to expand its presence in the manufacturing and distribution sector. Under this deal, FG Merger II Corp. issued 350 million shares to BOXABL stockholders as part of a $10 per share valuation.
Deal Mechanics
The transaction was facilitated by several key financial advisors including Benchmark and ThinkEquity representing the buy-side, while Cantor Fitzgerald & Co. acted for both parties on financial matters. Legal support was provided by Latham & Watkins, Winston Strawn, and Loeb & Loeb as the legal counsel for BOXABL.
Sell-side advisory roles were shared between Cantor Fitzgerald & Co., which also worked with Benchmark to facilitate the deal’s closing.
Strategic Rationale
The combination of FG Merger II Corp. and BOXABL Inc. is seen as a strategic move for expanding into new markets within manufacturing and distribution, providing BOXABL with access to resources and technology that can enhance its operational capabilities.
Financial Context
The deal represents a significant financial commitment, demonstrating BOXABL's confidence in the long-term potential of FG Merger II Corp. This move is expected to bring substantial growth opportunities for both parties involved.