Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 96

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 96
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 2025, FGMC, BOXABL and FG Merger Sub II Inc., a Nevada corporation and wholly owned subsidiary of FGMC (“Merger Sub”) entered into an Agreement and Plan of Merger (the “Merger Agreement”). The Merger Agreement provides for a two-step merger transaction (the “Mergers”) in which, first, Merger Sub will merge with and into BOXABL (the “First Merger”), with BOXABL surviving as a wholly-owned subsidiary of FGMC, and, immediately thereafter, BOXABL (as the surviving company in the First Merger) will merge with and into FGMC (the “Second Merger”), with FGMC continuing as the surviving public company (the “Combined Company”). By virtue of the consummation of the Mergers, the Combined Company will change its name to BOXABL Inc. The Boards of Directors of BOXABL, FGMC, and Merger Sub have unanimously approved the Merger Agreement and the transactions contemplated thereby.

At the effective time of the First Merger, each share of BOXABL’s common stock (other than certain excluded shares and any shares held by stockholders who properly exercise and do not lose their dissenter’s rights under applicable Nevada law) will be converted into the right to receive a number of shares of common stock of the Combined Company, as determined by the exchange ratio set forth in the Merger Agreement. Each share of BOXABL Preferred Stock outstanding immediately prior to the effective time of the First Merger will be converted into the right to receive shares of Combined Company Merger Preferred Stock as determined by the exchange ratio set forth in the Merger Agreement. Outstanding BOXABL common stock warrants that remain unexpired will be assumed by the First Merger Surviving Company and terminated at the effective time of the First Merger. All other outstanding and unexpired BOXABL convertible securities (such as options and restricted stock units but excluding common stock warrants) will be assumed by the Combined Company and become exercisable or convertible for the Combined Company equity on the same terms, with adjustments as provided in the Merger Agreement. The aggregate merger consideration to be received by BOXABL stockholders is equal to a combination of preferred and common shares of FGMC that equals a total of $3,500,000,000, each at a deemed value of $10 per share.

Representations, Warranties, and Covenants

The Merger Agreement contains customary representations and warranties by each of BOXABL, FGMC, and Merger Sub, as well as coven