Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 527

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 527
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1, 2023, the Company receives reimbursements for the Company’s employees who provide services to Supercar System’s business. Supercar System is controlled by the Company’s CEO, Paolo Tiramani. As of December 31, 2024, Supercar System had a balance due to BOXABL of $5.7 thousand related to payroll costs funded by the Company, that were included in Accounts Receivable. This amount was settled on February 28, 2025. |

| (2) | The Company incurred professional expenses related to a former member of the Board of Directors who provided consulting services. |

| (3) | As of December 31, 2024 and December 31, 2023, the Company had 26,726 thousand shares outstanding of Series A Preferred Stock, representing an initial cost of $427 thousand held by certain related parties including the spouse and in-laws to the Chief Marketing Officer. As of December 31, 2024 and December 31, 2023, the Company had 5,884 thousand shares outstanding of Series A-1 Preferred Stock, representing an initial cost of $372 thousand held by certain related parties including the in-laws to the Chief Marketing Officer and a former Director of the Company. As of December 31, 2024 and December 31, 2023, the Company had 12,834 thousand Nonqualified Stock Options representing an initial grant date fair value of $920 thousand held by certain related parties including the spouse to the Director of Marketing and a former Director of the Company. See Note 12 — Stockholders’ Equity. |

NOTE 12 — STOCKHOLDERS’ EQUITY Preferred and Common Stock The Company was converted to a C-Corporation in the state of Nevada on June 16, 2020. In conjunction with the conversion, the Company authorized the issuance of 4.25 billion of common stock with a par value of $0.00001 and 750 million shares of preferred stock with a par value of $0.00001. The Company initially designated all shares of preferred stock as “Series A Preferred Stock”, see below for rights and preferences. On February 24, 2021, the Company filed an amendment to the articles of incorporation which increased the number of authorized preferred shares to 850 million, for which 202,517 thousand and 647,483 thousand shares were classified as Series A Preferred Stock and Series A-1 Preferred Stock, respectively. On November 19