{"url_path":"/sec/fgmcu/8-k/2026-05-13/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry Into A Material Definitive","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1906364/0001104659-26-060311-index.html","accession_number":"0001104659-26-060311","cik":"0001906364","ticker":"FGMC","issuer_name":"BOXABL Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1906364/0001104659-26-060311-index.html","primary_entity_key":"0001906364","primary_entity_name":"FG Merger II Corp."},"word_count":2121,"has_tables":true,"body_markdown":"**Item 1.01 Entry Into A Material Definitive\nAgreement.**\n\n** **\n\n**Third Amendment to the Merger Agreement**\n\n \n\nOn May 6, 2026, FG Merger\nII Corp. (“FGMC”), entered into a Third Amendment (the “Third Amendment”) to that certain Agreement and\nPlan of Merger, dated as of August 4, 2025, as amended by the First Amendment to the Agreement and Plan of Merger dated November 3, 2025,\nas amended by the Second Amendment dated April 6, 2026 (collectively, the “Merger Agreement”), by and among FGMC, BOXABL\nInc. (“BOXABL”) and FG Merger Sub II Inc. (“Merger Sub” and together with BOXABL and FGMC, the “Parties”).\nCapitalized terms used herein but not defined herein have the meanings ascribed thereto in the Merger Agreement.\n\n \n\nPursuant to the Amendment,\nthe Parties to the Merger Agreement agreed:\n\n \n\n(A)\nto delete and replace in its entirety the form of Company Lock-Up Agreement attached to the Merger Agreement as Exhibit A-1 with a revised form of Company Lock-Up Agreement. The revised Company Lock-Up Agreement provides for a lock-up period commencing on the Closing Date under which (i) 50% of the Lock-up Shares shall be released on the date that is six (6) months from the Closing Date, provided the price per share of the Surviving Pubco Common Shares meets or exceeds $12.00 per share for any twenty (20) trading days within any thirty (30) trading day period, and (ii) any remaining Lock-up Shares shall be released on the date that is thirteen (13) months from the Closing Date, irrespective of share price. The lock-up period terminates early if the trading price per share of the Surviving Pubco Common Shares meets or exceeds $20.00 per share, including during intra-day trading; and\n\n \n \n\n(B)\nto delete and replace in its entirety the form of Sponsor Lock-Up Agreement attached to the Merger Agreement as Exhibit A-2 with a revised form of Sponsor Lock-Up Agreement. The revised Sponsor Lock-Up Agreement provides for a lock-up period under which (i) 50% of the Lock-up Shares are released on the earlier of twelve (12) months following the Closing Date or the date on which the closing price of the Surviving Pubco’s Common Shares equals or exceeds $12.00 per share for any twenty (20) trading days within any thirty (30) trading day period, and (ii) the remaining 50% of the Lock-up Shares are released twelve (12) months following the Closing Date. Early release of all remaining Lock-up Shares occurs if the Acquiror Common Stock trades at or above $20.00 per share, including during intra-day trading. The Sponsor Lock-Up Agreement amends and restates the Insider Letter (dated January 28, 2025) in its entirety.\n\n \n\nThe foregoing summary of the\nAmendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as\nExhibit 2.1 and is incorporated by reference herein.\n\n \n\n**Additional Information About the Proposed Transaction\nand Where to Find It**\n\n \n\nAdditional information about\nthe transaction, including a copy of the Merger Agreement has been filed by FGMC in a Current Report on Form 8-K with the U.S. Securities\nand Exchange Commission (the “SEC”). The proposed transaction will be submitted to shareholders of FGMC for their consideration.\nFGMC has filed a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which includes preliminary\nand definitive proxy statements to be distributed to FGMC’s shareholders in connection with FGMC’s solicitation of proxies\nfor the vote by FGMC’s shareholders in connection with the proposed transaction and other matters to be described in the Registration\nStatement, as well as the prospectus relating to the offer of the securities to be issued to BOXABL’s shareholders in connection\nwith the completion of the proposed transaction. After the Registration Statement has been filed and declared effective, a definitive\nproxy statement/prospectus and other relevant documents will be mailed to BOXABL shareholders and FGMC shareholders as of the record date\nestablished for voting on the proposed transaction. Before making any voting or investment decision, FGMC and BOXABL shareholders and\nother interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and,\nonce available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by FGMC in connection with the\nproposed transaction, as these documents will contain important information about FGMC, BOXABL and the proposed transaction. Shareholders\nmay obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by FGMC\nwith the SEC, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to FG Merger\nII Corp., 104 S. Walnut Street, Unit 1A, Itasca, Illinois 60143 or to BOXABL 5345 E North Belt Rd Las Vegas, NV 89115.\n\n \n\n \n\n \n\n \n\n**Forward-Looking Statements**\n\n \n\nThis Current Report on Form\n8-K includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may\nbe identified by the use of words such as “plan,” “project,” “will,” “estimate,” “intend,”\n“expect,” “believe,” “target,” “continue,” “could,” “may,” “might,”\n“possible,” “potential,” “predict” or similar expressions that predict or indicate future events or\ntrends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections\nabout future events. These statements include: projections of market opportunity and market share; estimates of customer adoption rates\nand usage patterns; projections of development and commercialization costs and timelines; expectations regarding BOXABL’s ability\nto execute its business model and the expected financial benefits of such model; expectations regarding BOXABL’s ability to attract,\nretain, and expand its customer base; BOXABL’s deployment of Casita; BOXABL’s expectations concerning relationships with strategic\npartners, suppliers, governments, regulatory bodies and other third parties; future ventures or investments in companies, products, services,\nor technologies; development of favorable regulations and government incentives affecting BOXABL’s markets; the potential benefits\nof the proposed transaction and expectations related to its terms and timing; BOXABL’s plans to reorganize its operations into a\nflatter structure and to enhance cross-functional integration through increased use of real-time data and analytics; and the potential\nfor BOXABL to increase in value.\n\n \n\nThese forward-looking statements\nare provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance,\na prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict\nand will differ from assumptions, many of which are beyond the control of BOXABL and FGMC.\n\n \n\nThese forward-looking statements\nare subject to known and unknown risks, uncertainties and assumptions that may cause our actual results, levels of activity, performance\nor achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied\nby such statements. Such risks and uncertainties include: that BOXABL is pursuing an emerging technology, faces significant technical\nchallenges and may not achieve commercialization or market acceptance; BOXABL’s historical net losses and limited operating history;\nBOXABL’s expectations regarding future financial performance, capital requirements and unit economics; BOXABL’s use and reporting\nof business and operational metrics; BOXABL’s competitive landscape; BOXABL’s dependence on members of its senior management\nand its ability to attract and retain qualified personnel; the capital requirements of BOXABL’s business plans and the potential\nneed for additional future financing; BOXABL’s ability to manage growth and expand its operations; potential future acquisitions\nor investments in companies, products, services or technologies; BOXABL’s reliance on strategic partners and other third parties;\nBOXABL’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection\nor cybersecurity incidents and related regulations; the use and regulation of artificial intelligence and machine learning; uncertainty\nor changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic\nenvironment; the combined company’s ability to maintain internal control over financial reporting and operate a public company;\nthe possibility that required regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely\naffect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of FGMC could elect to have\ntheir shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event,\nchange, or other circumstance that could give rise to the termination of the Merger Agreement; the outcome of any legal proceedings or\ngovernment investigations that may be commenced against BOXABL or FGMC; failure to realize the anticipated benefits of the proposed transaction;\nthe ability of FGMC or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or\nin the future; and other factors described in FGMC’s filings with the SEC. Additional information concerning these and other factors\nthat may impact such forward-looking statements can be found in filings and potential filings by BOXABL, FGMC or the combined company\nresulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize\nor assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In\naddition, these statements reflect the expectations, plans and forecasts of BOXABL’s and FGMC’s management as of the date\nof this Current Report on Form 8-K; subsequent events and developments may cause their assessments to change. While BOXABL and FGMC may\nelect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. Accordingly,\nundue reliance should not be placed upon these statements.\n\n \n\n \n\n \n\n \n\nIn addition, statements that\n“we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon\ninformation available to us as of the date of this Current Report on Form 8-K, and while we believe such information forms a reasonable\nbasis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have\nconducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain\nand investors are cautioned not to unduly rely upon these statements.\n\n \n\nAn investment in FGMC is not\nan investment in any of our founders’ or sponsors’ past investments, companies or affiliated funds. The historical results\nof those investments are not indicative of future performance of FGMC, which may differ materially from the performance of our founders’\nor sponsors’ past investments.\n\n \n\n**Participants in the Solicitation**\n\n \n\nFGMC, BOXABL and certain of\ntheir respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants\nin the solicitation of proxies from FGMC’s shareholders in connection with the proposed transaction. Information regarding the persons\nwho may, under SEC rules, be deemed participants in the solicitation of FGMC’s and BOXABL’s shareholders in connection with\nthe proposed transaction will be set forth in proxy statement/prospectus when it is filed by FGMC and BOXABL with the SEC. You can find\nmore information about FGMC’s directors and executive officers in its Annual Report on Form 10-K, filed with the SEC on March 31,\n2026 and in periodic reports filed by FGMC with the SEC. You can find more information about BOXABL’s directors and executive officers\nin its Annual Report on Form 10-K, filed with the SEC on March 28, 2026. Additional information regarding the participants in the proxy\nsolicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes\navailable. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it\nbecomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described\nabove.\n\n \n\n**No Offer or Solicitation**\n\n \n\nThis Current Report on Form\n8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval,\nnor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration\nor qualification under the securities laws of any such jurisdiction. This Current Report on Form 8-K is not, and under no circumstances\nis to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or\nany other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of\nthe Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY\nTHE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR\nADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE."}