Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 548

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 548
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 take advantage of the extended transition period provided in Section 13(a) of the Exchange Act for complying with new or revised accounting standards applicable to public companies. An emerging growth company may delay the adoption of certain accounting standards until those standards would otherwise apply to non-public companies. The Company has elected to take advantage of this extended transition period and as a result, the Company is not required to adopt new or revised accounting standards on effective dates as they become applicable to public companies. The unaudited interim condensed consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Amounts are expressed in US dollars, rounded to the nearest Thousandth (‘000’). The Company’s fiscal year is December 31. Prior Period Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. Revision of Previously Issued Consolidated Financial Statements The Company had previously incorrectly reported $108 thousand of net gain on investments in cash flows from operating activities, which was comprised of $108 thousand for accretion of investment discounts on debt securities. The description of the $108 thousand accretion of investment discounts on debt securities, which is a non-cash item, has been changed on the Statement of Cash Flows to accurately describe the transaction. The Company has evaluated and concluded that these misstatements were not material, either individually, or in the aggregate to its previously issued unaudited interim condensed consolidated financial statements. However, the Company has revised its previously issued unaudited interim condensed consolidated financial statements to correct for such immaterial misstatements. The Company has summarized the impact of this revision to its previously issued unaudited interim condensed consolidated financial statements, including the impacts to specific financial statement line items, and related footnotes, as follows:

| ​                                                                
 Statement of Cash Flows – For The Six Months Ended June 30, 2024 | ​ | ​           
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|:-----------------------------------------------------------------|:--|:------------|-----:|:--|:-----|-----:|:--|:-----------|-----:|
| (In Thousands)                                                   | ​ | As Reported |      | ​ | Adj. |      | ​ | As Revised |      |
| Net gains on marketable securities                               | ​ | $           | -108 | ​ | $    |  108 | ​ | $          |    — |