FG Merger II Corp. is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, primarily targeting opportunities in the financial services industry in North America; it offers no current products or services beyond its capital-raising units, which consist of common stock and rights that commenced separate trading in February 2025. Incorporated in 2023 as a Nevada corporation and headquartered in Itasca, Illinois, the company completed an initial public offering of 8,000,000 units at $10.00 per unit in January 2025, raising approximately $80 million held in trust. In August 2025, FG Merger II Corp. entered into a definitive merger agreement with BOXABL Inc., a modular housing solutions provider, valuing BOXABL at $3.5 billion through the issuance of approximately 350 million shares; the companies filed a public S-4 registration statement in September 2025 and, in November 2025, amended the agreement to extend the outside completion date from December 31, 2025, to March 31, 2026, pending shareholder and regulatory approvals, with the combined entity expected to trade on Nasdaq under the symbol BXBL. FG Merger II Corp. operates in the shell companies segment of the financials sector, serving institutional and public investors seeking exposure to transformative business combinations without traditional operational risks; it maintains a 24-month window from its IPO closing to complete a business combination or face liquidation.