Company: FGMCU
Filing Date: 2025-11-13
Form Type: 425
Source: 0001104659-25-111079
Chunk: 4

Company: FG Merger II Corp.
Filing Date: 2025-11-13
Form: 425
Chunk 4
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. I'm pushing for, you know, one stop federal approval, which
would be massive for the company. And I think there's a strong possibility something like that could happen.

Nick Clayton: I guess, which are the levels
of regulation that you tend to run into most. Is it, you know, like local, very local zoning? Is it sort of state housing law and federal
ordinances? What is usually the big impediment there?

Galiano Tiramani:Yeah, the federal government
isn't really getting in the way. It's state and local. Of course you have, you know, zoning. So, a town or city says you can only put
certain type of structures in certain places. That's all right. A lot of times the approval process for, for buildings on the local level
is very burdensome and slow. It's very easy for them to shut, shut down projects.

There's a lot of people along the way that do
have the power to, to shut it down. And then each state, or 40 out of 50 states, have an additional layer of regulation for factory built
housing, where you have to get approval from the state. So that adds to the timeline and cost. And it's a big barrier to entry to people
who want to put out factory built housing.

But, we have a big, you know, market with the
people that, you know, millions and millions of people that we can service, you know, like California alone is however many tens of millions
of people. So, you know, at this level of scale, you know, we have plenty of people to sell to. But in my dream scenario where we're putting
out houses, really rapidly, you know, at a really high rate, which is what we need to push the cost down to the point where BOXABL is
the winner.

You know, I think we need really to open things
up to the whole country for that.

Nick Clayton: Yeah, for sure. And in terms
of your the manufacturing side, you mentioned the goal of having that, you know, a house a minute being able to be turned out, I guess.
How far away are you from that? And what are some of the kind of the next wave of things that will get you keep getting you closer along
that line.

Galiano Tiramani: So right now we can put
out a house, you know