Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 542

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 542
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 domestic procurement. This shift is expected to further mitigate exposure to international trade disruptions and tariff-related cost volatility. We will continue to monitor developments in U.S. trade policy and adjust our supply chain strategy as necessary.

#### Legal Settlements
On March 25, 2025, the Company settled claims asserted against a former employee as well as claims that the former employee asserted against the Company. The Company paid the former employee $105,000 and the former employee surrendered 5,882,353 shares of the Company’s Preferred A-1 Stock.

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**Equity Events

Subsequent to December 31, 2024, the Company issued the following:

3,077,519 shares of Series A-3 Preferred Stock for gross proceeds of $2,401 thousand through Regulation A.

358,494 shares of Series A-3 Preferred Stock for gross proceeds of $273 thousand through Regulation D.

For awards previously issued under the Company’s Amended 2021 Stock Incentive Plan, the Company recognized employee forfeitures of 33,530,390 RSUs and 3,408,531 Stock Options subsequent to December 31, 2024. No additional grants of RSUs or Stock Options were made under the Plan.

Previously issued Stock Options totaling 45,413,041 shares became fully vested at a weighted average exercise price per share of $0.08. None of these options have been exercised.

Subscription Liability

Between January 1, 2025 and April 14, 2025, the Company received net proceeds of $9,428 thousand, prior to issuance of preferred shares, that were recognized as subscription liability.**

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BOXABL INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

| ​                                                                                                                                                                                                    
 ​                                                                                                                                                                                                    
 (In Thousands, except share and per share amounts)                                                                                                                                                   
 ​                                                                                                                                                                                                    
 ASSETS                                                                                                                                                                                               
 Current assets:                                                                                                                                                                                      | ​ 
 ​ | As of       
 June 30,    
 2025        
 (Unaudited) 
 ​           
 ​           |          | ​ 
 ​ | December 31, 
 2024         
 (Audited)    
 ​            
 ​            |          |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:------------|---------:|:--|:-------------|---------:|
| Cash and cash equivalents                                                                                                                                                                            | ​ | $           |   14,776 | ​ | $            |