Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 116

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 116
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 that no holders of FGMC Public Shares exercise their right to have their FGMC Public Shares redeemed for their pro rata share of the Trust Account. The “50% Redemption Scenario” presented above assumes that 4,000,000 FGMC Public Shares are redeemed, resulting in an aggregate cash payment of approximately $40.85 million out of the Trust Account based on an assumed redemption price of $10.23 per share. The “Maximum Redemption Scenario” presented above assumes that all 8,000,000 FGMC Public Shares are redeemed, resulting in an aggregate cash payment of approximately $81.8 million out of the Trust Account based on an assumed redemption price of $10.24 per share. FGMC cannot predict how many of the public stockholders will exercise their right to have their Public Shares redeemed for cash. As a result, the redemption amount and the number of Public Shares redeemed in connection with the Business Combination may differ from the amounts presented in the tables above.

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Please see “Unaudited Pro Forma Condensed Combined Financial Information” for further information.

Compensation Received by the Sponsor and its Affiliates

The Sponsor is a Nevada limited liability company formed to invest in FGMC. Although the Sponsor is permitted to undertake any activities permitted under applicable law, the Sponsor’s business is focused on investing in FGMC. The Sponsor is owned by FGMC’s management team, and certain other investors. Larry G. Swets, Jr., Hassan R. Baqar, and D. Kyle Cerminara are the managers of the Sponsor. The investment and voting decisions for the Sponsor are made jointly by the three managers and no one individual has a controlling decision. FGMC’s management team, together with their affiliates, collectively own approximately 32% of the membership interests in the Sponsor.

On October 6, 2023, the Sponsor paid $25,000 in exchange for 2,156,250 Founder Shares, or approximately $0.012 per share. On October 18, 2023, the Sponsor transferred an aggregate of 465,000 founder shares to members of the Company’s management, board of directors and senior advisors, resulting in the Sponsor holding 1,691,250 Founder Shares. On August 21, 2024, we issued a dividend of approximately 0.07 Founder Shares for every issued and outstanding Founder Share, or an aggregate of 143,750 Founder Shares (the “Dividend Shares”), resulting in our Initial Stockholders holding