Company: FGMCU
Filing Date: 2025-12-11
Form Type: 425
Source: 0001104659-25-120350
Chunk: 2

Company: FG Merger II Corp.
Filing Date: 2025-12-11
Form: 425
Chunk 2
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 Uh, but we're getting better and better. We're now approving California, New Mexico,
Nevada, South Carolina. We're applying in other states like Texas, Colorado. So, so, we keep moving forward. So, so, it's very interesting
what is going on.

Kristina Ayanian: That's amazing. So, going off of your point,
how does Boxabl beat traditional builders when it comes to cost, sustainability, efficiency.

Martin Costas:Right. Right. right. So you know most of the
time the people speak about time, which is super important because when you're building with a stick frame, nowadays you're taking at
least eighteen months. Our ultimate goal, we are not there is to build a house every minute in the factory. Right now we are with, one,
one shifting the factory building two per day. We can actually do six per day if we fulfill their shift on the factory. So, time certainly
is very important. And time is actually super linked with the carbon footprint. Because if you think about the carbon footprint is about
time is how many times do you have using the tools people go into the field coming back. So, it's super green. In addition to that, the
quality when you're talking about a factory with a production line, if a product, I mean a raw material like a piece of wood, is not perfect.
The machine will reject it. So, the quality of the product is superior. And obviously when you build in a production line, it's cost efficient.
Everything that you use in life is in a production line for a reason. It's about volume, scale and that gives you the capacity to demand
planning, have a better negotiation with your vendors, and all of that goes down to, to, a lower cost.

Kristina Ayanian: So building on that volume and that scale,
where does Boxabl go five years from now?

Martin Costas:Well, I hope that we're going to be a big part
of the solution, of the housing crisis, right? We have plans to ramp up factories. We have implant factory, which can do five thousand
units per year. Our current facility is three thousand. And we also have dreams of Gigafactories 25,000 – 50,000. So, it will depend
on how the government works with us on, I would say, having some flexibility on the permitting side. What, what, we