FGMC
FG Merger II Corp.10.02
+0.00+0.04%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
103.21MP/E (TTM)
100.24Basic EPS (TTM)
0.10Dividend Yield
0%Recent Filings
8-K
Merger deadline extended
FG Merger II Corp. and BOXABL extended their merger agreement's outside date from December 31, 2025, to March 31, 2026, buying time amid ongoing shareholder and regulatory approvals. This adjustment signals commitment to the deal, yet underscores hurdles like potential redemptions that could drain cash reserves. The merger persists.
8-K
BOXABL-SPAC merger valued at $3.5B
FG Merger II Corp. disclosed an investor presentation detailing its proposed business combination with BOXABL, valuing the modular housing innovator at $3.5 billion through issuing 350 million shares at $10 each. The deal taps FGMC's $81.6 million trust cash—subject to redemptions—and a planned $55 million PIPE to fuel BOXABL's steel frame production and sales expansion amid a 3.8 million home shortage. Yet risks loom from regulatory delays and unmet financing.
8-K
Boxabl-FGMC merger valued at $3.5B
FG Merger II Corp. signed a merger agreement with Boxabl Inc. on August 4, 2025, setting up a two-step deal where Boxabl shareholders receive 350 million FGMC shares valued at $3.5 billion, with FGMC renaming to Boxabl and listing on Nasdaq as BXBL. The transaction, backed by sponsor and company support agreements plus 12-month lock-ups, targets closing by December 31, 2025, pending approvals and no minimum cash hurdle. Yet redemptions could drain the trust.
10-Q
Q2 FY2025 results
FG Merger II Corp. swung to net income of $582,035 for Q2 ended June 30, 2025, fueled by $842,499 in trust investment income that dwarfed $83,539 in administrative costs, while taxes took $176,925; this marked a sharp turnaround from the $885 loss a year earlier, with six-month net income hitting $897,385 on $1,402,254 trust earnings against $210,395 expenses. No revenue yet, as the blank-check firm hunts financial services targets post its January 2025 IPO raising $80M, now holding $81.6M in trust at $10.10 per unit. Cash sits at $517,813 with zero debt after repaying sponsor notes, and $573,671 withdrawn from trust interest for working capital. Solid liquidity supports the 24-month merger window. Yet failure to land a deal risks full redemption and liquidation.
8-K
SPAC caps trust withdrawals
FG Merger II Corp., a SPAC targeting North American financial services, entered a side letter on May 14, 2025, capping working capital withdrawals from its trust account at $1,200,000 total until its initial business combination, down from the prior $2,000,000 over two years. This move preserves more trust funds for investors while allowing customary tax and dissolution expense draws. The adjustment signals disciplined capital management amid the hunt for a merger target. Forward-looking statements highlight risks in the combination search.
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