BOXABL Inc. disclosed substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
Legacy BOXABL’s unaudited condensed consolidated financial statements as of and for the six months ended June 30, 2026, filed as Exhibit 99.1 hereto, disclose that substantial doubt existed about Legacy BOXABL’s ability to continue as a going concern twelve months after the financial statements are available to be issued. As described in Exhibit 99.2, Legacy BOXABL’s management depicts the net proceeds received in connection with the Mergers, together with existing liquidity and cash generated from product sales. However, there can be no assurance management’s plans will be achieved. 23 Off-Ba
Evidence
Caveat
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
Comparable
False
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
not comparable
Located in
going-concern note
Prior filed
2026-05-14
Prior form
10-Q
Prior state
None
Prior state label
None
Registrant changed from
FG Merger II Corp.
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
BOXABL Inc. filed its quarterly report late and said it expects a significant change in results
expects significant change in results
(“BOXABL” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 (the “Quarterly Report”). The Company has determined that it is unable to file its Quarterly Report within the prescribed time period without unreasonable effort or expense for the reasons set forth below. As disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 23, 2026 (the “Super 8-K”), the Company (formerly known as FG merger II Corp.) consummated its previously announced business combination (the “Business Combination”) on July 17, 2026. Due to the timing of the c
Evidence
Anticipates significant change
True
Other periodic reports filed
None
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(“BOXABL” or the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 (the “Quarterly Report”). The Company has determined that it is unable to file its Quarterly Report within the prescribed time period without unreasonable effort or expense for the reasons set forth below. As disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on July 23, 2026 (the “Super 8-K”), the Company (formerly known as FG merger II Corp.) consummated its previously announced business combination (the “Business Combination”) on July 17, 2026. Due to the timing of the c
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.