FG Merger (FGMC)
Blank-check company pursuing a business combination with BOXABL.
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FG Merger II is a Nasdaq-listed SPAC with no operating business, formed to complete a merger or similar combination. It has signed a proposed merger with BOXABL, and completion depends on shareholder and regulatory approvals, listing conditions, and other transaction requirements.
FG Merger II Corp. is a Nevada blank-check company listed on Nasdaq under FGMC. It was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, with a stated focus on financial-services opportunities in North America. Its annual filing says it had not begun operating activities as of December 31, 2025 and would not generate operating revenue until after a business combination.
In August 2025, FG Merger II and BOXABL announced a definitive merger agreement intended to take BOXABL public through the SPAC. A later filing extended the agreement end date to July 31, 2026. The company's near-term profile therefore depends less on standalone operations and more on whether the BOXABL transaction clears stockholder votes, regulatory approvals, exchange listing requirements, redemption outcomes, and other closing conditions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $86.9K · Total debt $0 · Total assets $83.3M · Shareholders' equity −$14.2M
- Revenue
- $0
- Operating income
- −$4.6M
- Net income
- −$13.8M
No dividends on record.
| Institutions32 holders · as of Mar 31, 2026 | ≥ 3.10% | 7.50M shares | |
| Strategic holders2 holders · as of Jun 22, 2026 | 1.32% | 3.18M shares | |
| Otherremainder | ≤ 95.58% | 230.81M shares |
241.49M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (241.49M in the company's Sep 3, 2026 report, 10.30M elsewhere); stakes use the report.
Institutional filings for BXBL (4% of the company) are not on file here, so the institutional figure is a floor.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
FG Merger Investors II LLC1Strategic10 percent owner | 0.70% | 223,300 | 13Gfiled May 15, 2025 ↗ |
Atsion Asset Management LLC1Strategic10 percent owner | 0.62% | 1.49M | 13Gfiled Jun 22, 2026 ↗ |
AQR Capital Management, LLCInstitution | 0.33% | 792,000 | 13Gfiled May 13, 2025 ↗ |
Heights Capital Management, IncInstitution | 0.33% | 790,000 A | 13Fas of Mar 31, 2026 |
AQR Arbitrage LLCInstitution | 0.31% | 758,152 A | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
- The filed share classes (COMMON) could not be matched to the company's, so no percentage.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.