Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 290

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 290
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 property holding corporation. U.S. Federal Income Tax Consequences of a Redemption of FGMC Public Shares In the event that a holder’s FGMC Public Shares are redeemed pursuant to the redemption provisions described in this joint proxy statement/prospectus under the section entitled “ Special Meeting of Stockholders of FGMC—Redemption Rights,” the treatment of the redemption for U.S. federal income tax purposes will depend on whether the redemption qualifies as a sale of FGMC Public Shares under Section 302 of the Code. If the redemption qualifies as a sale of FGMC Public Shares, the material U.S. federal income tax consequences to a U.S. holder (as defined below) generally will be as described below under the section entitled “ —U.S. Holders—Taxation of Redemption Treated as a Sale of FGMC Public Shares,” and the material U.S. federal income tax consequences to a Non-U.S. holder (as defined below) generally will be as described under the section entitled “— Non-U.S. Holders—Taxation of Redemption Treated as a Sale of FGMC Public Shares.” If the redemption does not qualify as a sale of FGMC Public Shares under Section 302 of the Code, a holder generally will be treated as receiving a corporate distribution with the material U.S. federal income tax consequences to a U.S. holder generally as described below under the section entitled “ —U.S. Holders—Taxation of Redemption Treated as a Distribution,” and the material U.S. federal income tax consequences to a Non-U.S. holder generally as described below under the section entitled “ —Non-U.S. Holders—Taxation of Redemption Treated as a Distribution.” Whether a redemption of a holder’s FGMC Public Shares qualifies for sale treatment will depend largely on the total number of shares of FGMC’s stock treated as held, directly, indirectly or constructively, by such redeemed holder before and after the redemption (including any stock treated as held by such holder under applicable constructive ownership rules, including any stock constructively owned by the holder as a result of owning Public Rights and any of FGMC’s stock that a holder would directly or indirectly acquire pursuant to the Business Combination) relative to all of FGMC’s shares outstanding both before and after the redemption. The redemption of a holder’s FGMC Public Shares generally will be treated as a sale of FGMC Public Shares by such holder (rather than as a corporate distribution) under Section 302 of the Code if the redemption: (i) is “substantially disproportionate