FG Merger II Business Summary

FG Merger II Corp. (FGMC) is a special purpose acquisition company (SPAC) that currently generates revenue primarily through interest income on its trust account while finalizing its $3.5 billion business combination with Boxabl Inc., a leader in modular housing technology. Upon the anticipated closing by March 31, 2026, the company will transition its revenue model to the high-volume manufacturing and sale of its flagship "Casita" units and stackable modular building systems, targeting residential, commercial, and faith-based housing sectors. FGMC operates within the innovative construction and financial services segments, positioning itself as a public platform to scale factory-built housing solutions. Its primary market competitors include modular and 3D-printing construction firms such as ICON, Plant Prefab, and Vantem; FGMC distinguishes itself through its proprietary folding technology and a massive pre-order backlog that aims to disrupt traditional site-built residential construction. The leadership team is anchored by Chief Executive Officer Larry G. Swets, Jr., a seasoned executive with extensive experience in financial services and insurance, previously serving as CEO of FG Financial Group and Itasca Financial. He is supported by Chief Financial Officer Hassan Raza Baqar, a CPA with a deep pedigree in corporate finance and SPAC management across the Fundamental Global ecosystem. The company’s strategic direction is further guided by D. Kyle Cerminara, a manager of the sponsor and co-founder of Fundamental Global, and Scott D. Wollney, who serves as Chairman of the Board. A notable recent addition to the board is Dr. Morris A. Davis, a former Chief Housing Economist for the White House Council of Economic Advisers, whose expertise in housing policy is intended to accelerate the company's regulatory and market expansion efforts as it transitions to the BOXABL identity.