Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 204

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 204
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 senior rank could have the following effects, among others:

| ● | FGMC’s existing stockholders’ proportionate ownership interest in the Combined Company will decrease; |

| ● | the amount of cash available per share, including for payment of dividends in the future, if any, may decrease; |

| ● | the relative voting strength of each previously outstanding share of Combined Company Common Stock may be diminished; |

| ● | the market price of the Combined Company Common Stock may decline; and |

| ● | Combined Company’s ability to raise capital through the sale of additional equity securities could be impaired. |

The price of the Combined Company Common Stock may experience a material decline in price following the Closing relative to the price of FGMC Common Stock prior to the Closing. The terms of the FGMC Public Shares include a redemption right for a pro rata portion of the Trust Account in connection with a business combination by FGMC. Following the Closing, the Combined Company Common Stock outstanding will no longer have any

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such redemption right and will be solely dependent upon the fundamental value of the Combined Company, which, like the securities of other companies formed through SPAC mergers in recent years, may be significantly less than $10.00 per share. The Combined Company’s management has limited experience in operating a public company. The Combined Company’s executive officers have limited experience in the management of a publicly traded company. The Combined Company’s management team may not successfully or effectively manage its transition to a public company that will be subject to significant regulatory oversight and reporting obligations under federal securities laws. Their limited experience in dealing with the increasingly complex laws pertaining to public companies could be a significant disadvantage in that it is likely that an increasing amount of their time may be devoted to these activities which will result in less time being devoted to the management and growth of the Combined Company. It is possible that the Combined Company will be required to expand its employee base and hire additional employees to support its operations as a public company which will increase its operating costs in future periods. As a “controlled company” within the meaning of the Nasdaq listing rules after the Closing, the Combined Company will qualify for exemptions from certain corporate governance requirements and will have the opportunity to elect to avail itself of any of the exemptions afforded a controlled company. If the Combined Company elects to rely on some of these exemptions, Combined Company stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements. At the Closing, due to the ownership by BOXABL’s executive officers of in