Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 247

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 247
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 the Conversion and the Merger Agreement and related transaction agreements and the transactions contemplated thereby (including the Business Combination), (ii) determined that the Business Combination is advisable and fair to, and in the best interests of, FGMC and its stockholders, and (iii) recommended that FGMC’s stockholders approve and adopt the Merger Agreement and the transactions contemplated thereby (including the Business

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Combination). In evaluating the Business Combination and making these determinations and this recommendation, the FGMC board of directors consulted with FGMC’s management and advisors and considered a number of factors. The FGMC board of directors and management considered the general criteria and guidelines that FGMC believed would be important in evaluating prospective target businesses as described in the prospectus for the IPO. The FGMC board of directors also considered that they could enter into a business combination with a target business that does not meet those criteria and guidelines. In the prospectus for the IPO, FGMC identified the following general investment criteria to screen for and evaluate target businesses although FGMC also indicated it may pursue opportunities outside of this scope:

| ● | Public market-ready scale; |

| ● | Strong management team; |

| ● | Recurring revenues; |

| ● | High barrier to entry; |

| ● | Long-term organic growth; |

| ● | Consolidation opportunities to scale; |

| ● | Attractive competitive dynamics; |

| ● | Differentiated products or services; and |

| ● | Strong cash flow conversion. |

These criteria were not intended to be exhaustive. FGMC stated in the IPO prospectus that any evaluation relating to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines as well as on other considerations, factors and criteria that its management may deem relevant. In the event that FGMC decided to enter into a business combination with a target business that does not meet the above criteria and guidelines, FGMC indicated that it would disclose that the target business does not meet the above criteria in its stockholder communications related to its initial business combination. In considering the Business Combination, the FGMC board of directors determined that the Business Combination was an attractive business opportunity that generally met most of the above criteria and guidelines taken as a whole, although not weighted or in any order of significance, but given its in the growth phase BOXABL does not yet exhibit attributes of recurring revenues, long term organic growth and strong cash flow conversion. FGMC’s board of directors considered a wide variety of factors in connection with its evaluation of the