FG Merger II Corp. Reports $1.4 Million Net Income and Plans Merger with Boxable Inc.

FG Merger II Corp. has reported its financial results for the fiscal year ending December 31, 2025, revealing a net income of $1.4 million, a significant turnaround from a net loss of $25,850 in the previous year. The company generated $3.0 million in investment income from its Trust Account, which was offset by $972,161 in general and administrative expenses, primarily related to the ongoing search for a business combination. The increase in income reflects the successful completion of its initial public offering (IPO) and the subsequent investment of proceeds in a money market fund.

The company completed its IPO on January 30, 2025, raising $80 million by selling 8 million units at $10 each. In addition, FG Merger II Corp. raised $2.5 million through a private placement of units and $100,000 from the sale of warrants. As of December 31, 2025, the company held approximately $82.1 million in its Trust Account, which is designated for future business combinations. The total cash balance at the end of the year was $486,900, reflecting the company's operational expenses and the withdrawal of $1.2 million for working capital needs.

In terms of strategic developments, FG Merger II Corp. has entered into a merger agreement with Boxable Inc., a transaction that is expected to close by March 31, 2026. The merger will involve a two-step process where Boxable will first become a wholly-owned subsidiary of FG Merger II Corp. before the two entities merge into a single public company. The total merger consideration is valued at $3.5 billion, with no minimum cash required to close the deal. This merger is a critical step for FG Merger II Corp. as it seeks to establish itself in the financial services sector.

Operationally, the company has not yet commenced any business activities, as all efforts have been focused on the IPO and identifying a suitable target for its business combination. The company has a total of 10,295,800 shares of common stock outstanding, with 8 million shares subject to possible redemption. The management team, consisting of two executive officers, has been actively engaged in the merger process and is expected to continue to play a significant role post-merger.

Looking ahead, FG Merger II Corp. remains optimistic about completing its business combination within the stipulated timeframe. The company has until January 30, 2027, to finalize the merger, and it is actively working to meet the necessary regulatory and shareholder approval requirements. The management team is confident that the merger with Boxable will create significant value for shareholders and position the combined entity for future growth in the financial services industry.