FGMC / BOXABL Merger Update (8-K)
FG Merger II Corp. (FGMC) filed an 8-K reporting a material amendment to its merger agreement with BOXABL Inc.
- Critical Change: The Agreement End Date for the merger is extended from December 31, 2025, to March 31, 2026.
This extension signals a necessary timeline adjustment for the proposed business combination.
Key investor considerations highlighted include:
- BOXABL faces significant technical challenges and requires substantial future financing.
- Risk of FGMC shareholder redemptions reducing available cash post-merger.
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