Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 251

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 251
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arrants Held by |   |
| ​                   |   |   Common Shares) |      |   Common Shares) |   |          Rights) |   |            Warrants) |   |                Sponsor |   |          Sponsor |   |
| Larry G. Swets, Jr. |   |            6,647 | (1)​ |          139,906 |   |            7,443 |   |              333,334 |   |                  12.42 | % |             33.3 | % |
| Hassan R. Baqar     |   |           33,238 | (2)​ |          139,906 |   |            7,444 |   |              333,333 |   |                  14.68 | % |             33.3 | % |
| D. Kyle Cerminara   |   |                — | (3)​ |          139,906 |   |            7,443 |   |              333,333 |   |                  11.86 | % |             33.3 | % |

| (1) | Held indirectly through MSLR Holdings, LLC, an entity managed by Larry G. Swets. |

| (2) | Held indirectly through SF Investors II LLC, an entity managed by Hassan R. Baqar. |

| (3) | Mssrs. Cerminara, Swets and Baqar are also investors in Fundamental Global, Inc. (NASDAQ: FGF), a public company that owns membership interests in the Sponsor. In addition, our directors Scott D. Wollney and Richard E. Govignon are also directors of Fundamental Global, Inc. |

120

In light of the foregoing, the Sponsor and FGMC’s directors, executive officers and advisors will receive material benefits from the completion of the Business Combination and may be incentivized to complete the Business Combination with BOXABL rather than liquidate even if (i) BOXABL is a less favorable target company or (ii) the terms of the Business Combination are less favorable to stockholders. As a result, our Sponsor, directors, officers and advisors may have interests in the completion of the Business Combination that are materially different than, and may conflict with, the interests of other stockholders. Further, the Sponsor and FGMC’s directors and executive officers who hold Founder Shares and/or Private Units may receive a positive return on the Founder Shares and Private Units even if FGMC’s public