Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 395

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 395
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wide Modular Program in New Mexico. |

| ● | During January 2025, we received approval to sell Casitas in Nevada under the Residential building code. |

| ● | During January 2025, we received approval to sell Casitas under the Statewide Modular Program in all climate zones in California. |

| ● | During June 2025, we received approvals of plan sets for the Casita in South Carolina under the Statewide Modular Program, and our manufacturers license; factory certification is pending and BOXABL expects this within the next 6 months. |

BOXABL had originally obtained approval for its Casita in Arizona in December 2023. However, the Arizona Department of Housing revoked this approval in May 2024 due to installation issues identified at one customer site in Arizona. BOXABL has assessed that these issues resulted from improper installation rather than BOXABL’s product and it is in active discussions with officials in Arizona to resolve the matter. New sales within recently approved states and jurisdictions may continue to face delays due to the time needed for site preparation, arranging funding for the project the purchaser, and other preparatory steps that are required to arrange delivery and installation of the Boxes.

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BOXABL also has been focused on selling its products in multiple jurisdictions that do not have a statewide modular housing program. In these areas, the ultimate approval comes down to the local jurisdiction and is determined on a site-by-site basis. This pertains to the following areas:

| ● | Oklahoma |

| ● | Utah |

| ● | Wyoming |

| ● | Kansas |

| ● | West Virginia |

| ● | Vermont |

| ● | Alaska |

| ● | Oregon |

| ● | Connecticut |

| ● | Delaware |

| ● | New York |

| ● | Tribal Lands |

BOXABL is generally also able to sell its Casita, by adding a permanent chassis, as a Park Model RV under ANSI A119.5 in the majority of US states. BOXABL retained multiple third-party inspection agencies to assist in achieving certification in multiples states with modular housing legislation simultaneously. Merger Agreement On August 4, 2025, BOXABL entered into an Agreement and Plan of Merger by and among BOXABL, FG Merger II Corp., a Nevada corporation, and FG Merger Sub II Inc., a Nevada corporation and wholly-owned subsidiary of FGMC. The Merger Agreement provides for a two-step merger transaction in which, first, Merger Sub will merge with and into BOXABL, with BOXABL surviving as a wholly-owned subsidiary of FGMC