Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 143

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 143
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 or other agreements entered into by the Combined Company or its subsidiaries from time to time.

Price Range of BOXABL’s Securities

Historical market price information regarding BOXABL is not provided because there is no public market for BOXABL’s securities. For information regarding BOXABL’s liquidity and capital resources, see “BOXABL’s Management’s Discussion and Analysis of Financial Condition and Results of Operations-Liquidity and Capital Resources.”

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RISK FACTORS</div>

The occurrence of one or more of the events or circumstances described in these risk factors, alone or in combination with other events or circumstances, may have a material adverse effect on the business, financial condition, results of operations, cash flows and future prospects of the Combined Company, in which event the market price of its common stock could decline, and you could lose part or all of your investment.

These risk factors are not exhaustive, and you are encouraged to perform your own investigation with respect to the business, prospects, financial condition and operating results of BOXABL and FGMC and the business, prospects, financial condition and operating results of the Combined Company following the completion of the Business Combination. You should carefully consider the following risk factors in addition to the other information included in this joint proxy statement/prospectus, including matters addressed in the section entitled “Cautionary Statement Regarding Forward-Looking Statements,” before deciding how to vote your FGMC Common Stock or BOXABL Common Stock. BOXABL and FGMC may face additional risks and uncertainties that are not presently known to them, or that they currently deem immaterial, which may also impair their or the Combined Company’s respective business, prospects, financial condition or operating results. The following discussion should be read in conjunction with the financial statements of BOXABL and FGMC and the notes to the financial statements included therein.

Risks Relating to BOXABL

Unless the context otherwise requires, all references in this subsection to “we,” “us” or “our” refer to the business BOXABL.

We have a limited operating history with a history of losses, and we may not achieve or maintain profitability in the future.

We have operated at a loss since inception and historically relied on contributions from our founders and proceeds from our offerings of securities to meet our growth needs. Further, we have only recently begun to record revenue from the sale of Boxes, our sole intended product. We expect to make significant future investments in order to develop and expand our business, which we believe will result in additional capital expenses, marketing and general and administrative expenses that