1. Morris A. Davis joins BOXABL's Board, enhancing strategic expertise. 2. Davis aims to address the U.S. housing crisis through innovative policies. 3. Merger with FG Merger II Corp. expected to close in early 2026. 4. BOXABL valued at $3.5 billion; aims to boost housing supply significantly. 5. Davis's insights may help align with regulatory policies post-merger.
FAQ
Why Bullish?
The merger's anticipated value and strategic leadership may enhance FGMC's market position.
How important is it?
Davis's expertise and the merger could directly influence FGMC's performance and investor confidence.
Why Long Term?
The merger could solidly position FGMC for long-term growth by addressing U.S. housing demand.
BOXABL Appoints Dr. Morris A. Davis to Board of Directors Ahead of Merger with FG Merger II Corp.
BOXABL Inc. ("BOXABL"), a pioneer in affordable factory-built housing solutions, has announced the appointment of Dr. Morris A. Davis to its Board of Directors, effective January 1, 2026. With extensive experience in housing economics and public policy, Dr. Davis's expertise will be instrumental as BOXABL works toward completing its merger with FG Merger II Corp. (Nasdaq: FGMC).
Dr. Morris A. Davis: A Leader in Housing Economics
As the former Chief Housing Economist for the White House Council of Economic Advisers during President Donald J. Trump's administration, Dr. Davis played a pivotal role in developing national housing strategies aimed at reducing regulatory barriers and improving homeownership access. His appointment aligns perfectly with BOXABL's mission to address the housing crisis through innovative prefabricated housing solutions.
Previously, Dr. Davis served as an Economist at the Federal Reserve Board, specializing in macroeconomic trends and housing markets. A prominent academic figure, he holds the title of the Paul V. Profeta Chair in Real Estate at Rutgers Business School, where he has authored significant research on mortgage policy and urban economics, influencing policy reforms nationwide.
Strategic Vision for BOXABL's Growth
Martin Costas, CFO of BOXABL, stated, "Morris Davis is a transformative force in housing economics. His expertise will be invaluable as we scale production and redefine America's approach to building." The expected merger with FGMC, valued at $3.5 billion, is anticipated to enhance BOXABL's capabilities and address the ongoing U.S. housing shortage.
Dr. Davis's insights into federal incentives and market dynamics will guide BOXABL's growth post-merger, aligning the company with emerging policies to facilitate the adoption of prefab housing. "I am thrilled to join BOXABL at this inflection point," remarked Dr. Davis. "Innovation like BOXABL's can effectively address the housing affordability crisis, and I am committed to delivering solutions that allow American families to access high-quality homes within their budgets."
About BOXABL and FG Merger II Corp.
Founded in 2017, BOXABL is at the forefront of transforming the housing industry with its modular building systems. The company aims to provide high-quality homes at unprecedented speed, significantly contributing to resolving housing issues for individuals and communities. BOXABL's flagship offering, the Casita, is a 361 square foot studio unit designed for rapid on-site assembly, while the Baby Box targets simpler setups at 120 square feet.
FG Merger II Corp. is a special purpose acquisition company (SPAC) set to facilitate mergers and acquisitions, enhancing the business landscape through strategic partnerships. As the merger unfolds, shareholder approvals and SEC filings play crucial roles in ensuring successful integration.
Looking Ahead
The merger between BOXABL and FG Merger II Corp. is set to close in early 2026. This merger is projected to enable BOXABL to ramp up factory output and fulfill its vision of making quality housing accessible to more families across the nation.
For further details about BOXABL, its products, and the upcoming merger, visit BOXABL Investor Relations. Stay informed about critical updates through SEC filings and other communication channels as the transaction progresses.