BOXABL announced it has signed a definitive merger agreement with FG Merger II Corp. (NASDAQ: FGMC), a special purpose acquisition company. The announcement was made as part of an editorial published by AINewsWire focusing on factory-built housing solutions.

The company produces foldable, factory-built homes designed for shipping and on-site assembly. BOXABL's flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom and utilities that unfolds on-site in less than an hour. The company also announced the Baby Box, a 120-square-foot unit built to RV code for simpler setups without foundations.

Founded in 2017, BOXABL manufactures its products inside company facilities and is developing stackable and connectable box models that can be combined to form townhomes, multifamily units or larger single-family homes.

FG Merger II Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition or similar business combination with businesses or entities.

The announcement comes amid what the company describes as a housing affordability and supply crisis in the United States, where housing inventory remains tight and construction costs continue to rise. The company positions its approach as addressing housing challenges through modular building systems.

The information was disclosed in a press release statement distributed through AINewsWire, a communications platform within the Dynamic Brand Portfolio at InvestorBrandNetwork.