Boxabl BXBL

FG Merger II Corp is a blank check company incorporated in Nevada on September 20, 2023 for the purpose of merger share exchange asset acquisition stock purchase recapitalization reorganization or other similar business combination with one or more businesses or entities. The company has not commenced any operations as of December 31, 2025 and all activity relates to its formation initial public offering and search for a business combination target. The company selected December 31 as its fiscal year end and its registration statement was declared effective on January 28, 2025.

The company generates nonoperating income in the form of interest income from the proceeds derived from its initial public offering and private placement securities. It will not generate any operating revenues until after the completion of its business combination. The net proceeds from the initial public offering and sale of private placement securities are intended to be applied generally toward consummating a business combination.

The company operates through the following segments:

FG Merger II Corp operates in the blank check company or special purpose acquisition company industry which faces competition from other special purpose acquisition companies blank check companies private equity groups leveraged buyout funds public companies and operating businesses seeking strategic acquisitions. Many of these competitors possess greater financial technical human and other resources and relevant industry knowledge than the company. The company's ability to acquire larger target businesses is limited by its available financial resources which gives competitors an advantage in pursuing target acquisitions.

The company serves public stockholders who purchased units in its initial public offering and private placement investors. The holders of public shares are entitled to redeem their shares for a pro rata portion of the amount in the trust account upon completion of a business combination. The sponsor officers directors and advisors have agreed to vote their shares in favor of a business combination and not to redeem shares in connection with a stockholder vote to approve a business combination.