Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 227

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 227
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 pay their investment banking fees |

| ● | At least one FGMC nominated director |

| ● | No breakup fee |

| ● | No prohibition of issuance/transfer of securities during exclusivity period |

| ● | No prohibition of new debt issuances during exclusivity period |

| ● | 60-day exclusivity (for both FGMC and BOXABL) |

Below is a detailed description of FGMC’s negotiations with BOXABL leading up to the execution of the Merger Agreement. Also on June 6, 2025, Maxim circulated a first draft of the LOI press release to the working group, and Maxim coordinated a kick-off call for June 9, 2025, to organize work streams. On June 9, 2025, a kick-off call was held with representatives from BOXABL, FGMC, Loeb, Winston, and Maxim. Main discussion points included responsibilities, with Winston taking the lead on the first draft of the Merger Agreement, and Loeb taking the lead on starting the S-4 registration statement. Loeb and FGMC were also tasked with reviewing and commenting on the press release BOXABL was to issue on signing the LOI (with FGMC not named in the PR). Regarding timing, it was agreed that BOXABL would issue its PR later that evening, Winston would circulate a draft of the Merger Agreement as soon as possible, BOXABL would disclose its Regulation A offering (“ Reg A”) to close on June 24, 2025, and the Merger Agreement would be signed shortly after the Reg A closed. On June 12, 2025, Loeb circulated an updated transaction structure for a two-step merger to Winston. On June 13, 2025, Loeb and Winston had a sidebar call during which this structure was accepted by both parties. On June 16, 2025, FGMC continued its due diligence process, and BOXABL provided access to an expanded data room for the Loeb and FGMC teams. On June 24, 2025, BOXABL closed subscriptions for its Reg A. On July 2, 2025, Winston, delivered the initial draft of the Merger Agreement to FGMC and Loeb, counsel to FGMC. The draft Merger Agreement contained a different transaction structure than what had been initially contemplated. The original transaction structure contemplated by the parties involved FGMC forming two subsidiaries — a Merger Sub I and Merger Sub II. Merger Sub I would merge with and into BOXABL, with