Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 233

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 233
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 other business combination opportunities reasonably available to FGMC since the IPO in January 2025, that the proposed Business Combination represents the best potential business combination for FGMC based upon its evaluation and assessment of other potential acquisition targets as described above. See “-Background to the Business Combination” for further information. |

| ● | Results of Due Diligence. The FGMC board of directors considered the scope of the financial, commercial and legal due diligence investigation conducted by FGMC’s management and outside advisors, including: |

| ● | meetings and calls with BOXABL’s management team regarding its business, operations, technology, intellectual property and the proposed transaction; and |

| ● | review of materials related to BOXABL and its business made available by BOXABL, including financial statements, corporate documents and other legal and business diligence. For more information, please see the section entitled “-Background to the Business Combination.” |

| ● | Terms of the Merger Agreement. The FGMC board of directors reviewed and considered the terms of the Merger Agreement and the related agreements including the parties’ conditions to their respective obligations to complete the transactions contemplated therein and their ability to terminate such agreements under the circumstances described therein. See “-The Merger Agreement” and “-Related Agreements” for detailed descriptions of the terms and conditions of these agreements. |

The FGMC board of directors also identified and considered the following factors and risks weighing negatively against pursuing the Business Combination, although not weighted or in any order of significance:

| ● | Potential Inability to Complete the Merger. The FGMC board of directors considered the possibility that the Business Combination may not be completed and the potential adverse consequences to FGMC if the Business Combination is not completed, in particular the expenditure of time and resources in pursuit of the Business Combination and the loss of the opportunity to participate in the transaction. The directors considered the uncertainty related to the Closing, including due to conditions primarily outside of the control of the parties to the transaction, such as the need for FGMC stockholder approval, BOXABL stockholder approval, antitrust clearance and the ability of the Combined Company to satisfy the initial listing requirements of the selected stock exchange. |

| ● | Exclusivity. The Merger Agreement also includes exclusivity provisions that prohibit FGMC, the Sponsor and certain of their respective affiliates from soliciting other business combination proposals on behalf of FGMC, which restricts FGMC’s ability to consider other potential business combinations until the earlier of the termination of the Merger Agreement or the consummation of the Business