Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 407

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 407
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alers/Installer”) in the BOXABL Directory operating in 11 states, primarily states where we have had positive market penetration. As the Company’s product obtains additional approvals throughout the country, the Company expects to utilize these systems to execute additional sales in these territories, with faster ramp up time. In addition, during the third quarter of 2025, the Company increased its in-house sales team to increase its direct engagement with the end user consumer and to act as dealers where permissible to supplement the activities of the dealers in the BOXABL Directory. As of November 10, 2025, BOXABL manufactured 779 Casitas and completed delivery of a total of 293 Casitas in 7 states, including Arizona, Nevada, California, Oklahoma, Utah, New Mexico, and Hawaii.

We have also seen significant interest in more configurations of Boxes. In response, in January 2025, we launched a prototype of our Phase 2 Modular Building System, comprising Boxes (modules) in varying dimensions that stack and/or connect, allowing a system where customers are able to configure and customize the Boxes to build different building types and floorplans. We are working with a number of land developers and homebuilders to align the development of our Phase 2 product line with market demand, based on their customers’ requirements. We also launched a prototype of our Baby Box, a 120 square foot RV, in January 2025, to attract customers looking for off-grid living and temporary accommodation. In 2025, we also developed one bedroom and two-bedroom Casitas configurations, connecting two Casita Boxes for a 722 sq. ft. home, which is initially being offered for the California ADU market, subject to obtaining state approval. In November 2025, the Company obtained California statewide approval for its two-bedroom Casita Model. In 2025, the Company also introduced Sanctuary, a product currently in research and development. Sanctuary is a modular housing system available in single (55 sq ft) and double (85 sq ft) occupancy layouts, designed for rapid deployment for emergency response. We will continue to evaluate market demand to assess further development of our product offerings.

BOXABL was first organized as a limited liability company in Nevada on December 2, 2017, and reorganized as a Nevada corporation on June 16, 2020. Our core technology was invented by our Co-Chief Executive Officers, Paolo and Galiano Tiramani, and our Senior Engineer, Kyle Denman. Until June 15, 2023, the