Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 14

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 14
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 ownership of Combined Company Common Stock following the Business Combination assuming two redemption scenarios, each of which are described directly below:

| ● | No Redemption Scenario: The “No Redemption Scenario” assumes that no holders of FGMC Public Shares (as defined below) exercise their right to have their FGMC Public Shares redeemed for their pro rata share of the Trust Account. |

| ● | Maximum Redemption Scenario: The “Maximum Redemption Scenario” assumes that all 8,000,000 FGMC Public Shares are redeemed, resulting in an aggregate cash payment of approximately $81.6 million out of the Trust Account based on an assumed redemption price of $10.20 per share. The Maximum Redemption Scenario includes all adjustments contained in the No Redemption Scenario and presents additional adjustments to reflect the effect of the Maximum Redemption Scenario. |

The ownership percentages reflected in the tables below are based upon the number of shares of BOXABL Common Stock and BOXABL Preferred Stock issued and outstanding as of June 30, 2025, and are subject to the following additional assumptions:

| ● | the total shares of Combined Company Common Stock to be issued to holders of BOXABL Common Stock will be 247,910,599, assuming all Convertible Securities of BOXABL are also converted into Combined Company Common Stock; |

| ● | the total shares of Combined Company Merger Preferred Stock to be issued to holders of BOXABL Preferred Stock will be 102,089,401; |

| ● | the beneficial ownership of the Sponsor of 2,000,000 shares FGMC Common Stock were acquired for an aggregate investment of $25,000 prior to the IPO. Such shares would become worthless if FGMC does not complete a business combination by January 30, 2027or during any extension period, as the Sponsor waived any redemption right with respect to those shares. At the Closing, the Sponsor would own a total of 2,273,130 shares of Combined Company Common stock. Such shares have an aggregate market value of approximately $22.7 million based on the closing price of FGMC Common |

| Stock Common Stock of $9.97 on September 12, 2025, the most recent practicable date prior to the date of the accompanying joint proxy statement/prospectus on which trading data for FGMC Common Stock was available; |

| ● | the beneficial ownership of the Sponsor of 248,300  private placement units, which were acquired for an aggregate investment of $2,483,000 at the time of the IPO. Each Private Unit consists of one