BOXABL and FG Merger II Corp. Sign Merger Agreement to Pursue a BOXABL Public Listing on NASDAQ

Boxabl Inc. (BOXABL), a leader in innovative housing solutions, and FG Merger II Corp. ("FGMC") (Nasdaq: FGMC), a publicly traded special purpose acquisition company, today announced that they have signed a definitive merger agreement. Upon closing of the merger, the newly combined company is expected to continue listing on the Nasdaq Stock Market under the symbol "BXBL." This marks a significant step forward in BOXABL's journey toward becoming a publicly listed company. To date, BOXABL has raised over $230 Million from over 50,000 investors. There has also been significant interest in its products and vision to disrupt the current housing construction industry.

• Boxabl announces the signing of a merger agreement with FGMC to go public, following an expected successful closing
• FG Merger II Corp. is currently trading on Nasdaq under the ticker "FGMC"
• FGMC will change its name to BOXABL upon a successful closing

"We're excited to partner with FGMC, a highly reputable SPAC management team with an incredible track record, including a half dozen successful SPAC transactions. Equally important is the alignment with BOXABL's vision," said Galiano Tiramani, Founder and CEO of BOXABL. "This potential public listing could provide BOXABL with access to greater capital and broaden our platform to deliver affordable, sustainable housing at scale."

Larry G. Swets, Jr., the Chief Executive Officer of FGMC, stated, "The FG Merger team is excited to announce this transaction with BOXABL. We see significant value in bringing their disruptive product to address the housing market and we are particularly impressed with way Paolo and Galiano grew their business."

FGMC's reputation and expertise make it an ideal collaborator as BOXABL navigates this next phase of growth. The merger should allow BOXABL to expand production capabilities, invest in research and development, and meet growing global demand for its modular building systems.

Transaction Overview:

• Existing shareholders will roll 100% of their equity in BOXABL into the combined company
• FGMC to issue 350,000,000 shares to BOXABL, valuing BOXABL at $3.5 billion
• Transaction includes no minimum cash condition
• BOXABL is led by founders and Co-CEO's, Paolo and Galiano Tiramani who will continue to lead the combined company following the closing of transaction
• Additional information, including a copy of the agreement and plan of merger will be provided on a Form 8-K to be filed by FGMC, and a separate Form 8-K to be filed by BOXABL, with the SEC, available at www.sec.gov/.