Boxabl amends merger deal with FG Merger II, revises lock-up terms

• Boxabl and special purpose acquisition company FG Merger II Corp. amended merger terms on May 6, 2026, revising post-close lock-up agreements for company holders and sponsor holders.
• Company lock-up now releases 50% of locked shares six months after closing if shares trade at or above USD 12 for 20 trading days in any 30-day window; remaining shares unlock 13 months after closing regardless of price.
• Sponsor lock-up now releases 50% on earlier of 12 months post-close or the same USD 12 trading test; remaining 50% unlocks 12 months after closing.
• Both lock-ups allow early release if shares trade at or above USD 20, including intraday.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boxabl Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-022038), on May 11, 2026, and is solely responsible for the information contained therein.