Boxabl Signs Merger Agreement With FGMC To Go Public; FGMC To Change Its Name To BOXABL Upon Closing

Boxabl Inc. (BOXABL), a leader in innovative housing solutions, and FG Merger II Corp. ("FGMC") (NASDAQ:FGMC), a publicly traded special purpose acquisition company, today announced that they have signed a definitive merger agreement. Upon closing of the merger, the newly combined company is expected to continue listing on the Nasdaq Stock Market under the symbol "BXBL." This marks a significant step forward in BOXABL's journey toward becoming a publicly listed company. To date, BOXABL has raised over $230 Million from over 50,000 investors. There has also been significant interest in its products and vision to disrupt the current housing construction industry.

• Boxabl announces the signing of a merger agreement with FGMC to go public, following an expected successful closing
• FG Merger II Corp. is currently trading on Nasdaq under the ticker "FGMC"
• FGMC will change its name to BOXABL upon a successful closing

FGMC's reputation and expertise make it an ideal collaborator as BOXABL navigates this next phase of growth. The merger should allow BOXABL to expand production capabilities, invest in research and development, and meet growing global demand for its modular building systems.

Transaction Overview:

• Existing shareholders will roll 100% of their equity in BOXABL into the combined company
• FGMC to issue 350,000,000 shares to BOXABL, valuing BOXABL at $3.5 billion
• Transaction includes no minimum cash condition
• BOXABL is led by founders and Co-CEO's, Paolo and Galiano Tiramani who will continue to lead the combined company following the closing of transaction