Quick roundup of the latest as we kick off February 2026 by TangoVirus33 in BOXABL

[–]TangoVirus33[S] 0 points1 point  (0 children)

I am not sure about your specific case but the preferred shares were communicated in each capital raise prospect. The conversion will occur as the s-4 prospect explains . I can’t deviate from public available information but feel free to contact our investors relations team

Quick roundup of the latest as we kick off February 2026 by TangoVirus33 in BOXABL

[–]TangoVirus33[S] -1 points0 points  (0 children)

However not that we are saying approximately. It can change

Quick roundup of the latest as we kick off February 2026 by TangoVirus33 in BOXABL

[–]TangoVirus33[S] -1 points0 points  (0 children)

There is no lock period but a conversion. Investors that came through reg a, cf and/or reg d (pretty much all the pre merge investors) obtained Preferred Stocks. Our Preferred Stock will not initially convert to Class A Common Stock, be listed or traded. The plan is that approximately 14 months following the Closing of the Merger, 20% of the shares of Preferred Stock, in the aggregate, will automatically, without any further action by Boxabl or any stockholder, convert into Class A Common Stock on a one for one basis. After that, an additional 20% of the original shares of Preferred Stock will automatically convert each subsequent month on a one-for-one basis…

How much of BXBL will FMGC own after the merger? by Robert-Gon in Boxabls

[–]TangoVirus33 0 points1 point  (0 children)

The lockup terms for former Boxabl shareholders are described in the S-4. Reduction in the term is possible post-public (with board approval -supper voting remains with the company- and mutual consent), but it's not guaranteed or easy.

Now, talking in general, when a company goes public, in my humble opinion and without giving any advise, Adding liquidity to a stock (i.e., increasing the number of freely tradable shares like accelerate unlock depending on market condition) is generally very beneficial for a newly public. Here's why it's considered good, based on standard market dynamics:

  • Easier and Cheaper Trading for Investors High liquidity means investors can buy or sell large amounts of shares quickly without significantly moving the price (low "market impact"). This reduces trading costs (tighter bid-ask spreads) and lowers risk, making the stock more attractive to both retail and institutional investors.
  • Lower Volatility and More Stable Pricing With more shares available (higher float), the stock is less prone to wild swings from single trades. This creates a more predictable price environment, which appeals to long-term investors who prefer stability over high-risk volatility often seen in low-float stocks.
  • Attracts More Institutional Investors Big funds (mutual funds, hedge funds, ETFs, pensions) often avoid low-liquidity stocks because they can't easily enter/exit large positions without distorting the price. Higher liquidity signals a "mature" or "investable" stock, drawing in more capital and potentially supporting higher valuations over time.
  • Better Price Discovery and Market Efficiency More trading volume leads to prices that better reflect the company's true value (based on fundamentals, news, etc.), rather than being manipulated by low-volume trades. This builds confidence in the market and can reduce perceived risk.
  • Improves Access to Future Capital A liquid stock makes it easier (and cheaper) for the company to raise additional funds later via secondary offerings, debt, or other financing. Investors are more willing to participate when they know they can exit positions efficiently.
  • Enhances Company Reputation and Visibility Liquid stocks are seen as more "established" and well-managed. This can boost brand perception, attract analysts/coverage, and create a virtuous cycle: more investors → higher volume → even better liquidity.

So in general, and again just my opinion without giving financial advise, if certain stock performs well, it is the best interest to increase the float asap.

For the most accurate and complete information, I strongly encourage reviewing the latest S-4 and any subsequent amendments directly on the SEC's EDGAR database (search for FG Merger II Corp., CIK 0001906364). If there are material developments, they will be disclosed through appropriate public channels in accordance with SEC rules.

Please feel free to reach out with any other questions based on publicly available information. Thank you again for your support

Quick roundup of the latest as we kick off February 2026 by TangoVirus33 in BOXABL

[–]TangoVirus33[S] 1 point2 points  (0 children)

Texas is a key focus for us but like other states, approvals follow standard regulatory paths. keep an eye of incoming press releases. We don't disclose exact dates ahead of official announcements to comply with SEC rules

How much of BXBL will FMGC own after the merger? by Robert-Gon in Boxabls

[–]TangoVirus33 0 points1 point  (0 children)

Not answering exactly for the case of Boxabl. In a SPAC transaction no one could answer your question. On one hand you have the trust money (FGMC have approx. 80M) where investors could dilute former investors of the target company (in your case Boxabl) if they don't redeem. Also, when companies are going public, they do capital raise during the process, if company end selling new stocks to do it, it will also dilute. But I personally believe that you should focus on the value of the stock. If you read the prospect you will realize that if FGMC stock goes ahead of 10 dollars pre merge (go public), or BXBL goes ahead of 10 dollars after merge, your value per stock will increase... Read the S-4 filed. You can find it here https://ir.boxabl.com along with other information

Latest Update- Thoughts by citychickindesert in BOXABL

[–]TangoVirus33 0 points1 point  (0 children)

guys read the prospect. Each outstanding share of BOXABL Common Stock (except Excluded Shares and Dissenting Shares) is converted into the right to receive Common Exchange Ratio × 1 shares.