Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 248

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 248
---
 Business Combination. In light of the complexity of those factors, FGMC’s board of directors as a whole did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of FGMC’s board of directors may have given different weight to different factors. BOXABL and the Business Combination. The FGMC board of directors considered the following factors related to BOXABL and the Business Combination:

| ● | Large and Growing Addressable Market: BOXABL’s products address a national problem. Demand for housing dramatically exceeds supply. Building or buying a traditional home is too expensive for many Americans. |

| ● | BOXABL’s Business Model: BOXABL’s products are manufactured in the Las Vegas facility, fold up on site and ship at a relatively low cost to the customer |

| ● | BOXABL’s Future Opportunities. BOXABL is already working on its next product line, a less expensive, smaller unit, intended for simpler, no foundation set-ups. |

115

| ● | Experienced and Proven Management Team. An industrial designer and mechanical engineer, Paolo Tiramani has over 150 patent filings. Paolo founded BOXABL in 2017 and initially funded BOXABL through his intellectual property investment company 500 Group Inc., which has been in operation since 1986. Paolo moved operations to Las Vegas, Nevada five years ago for its strategic location, business and tax climate to develop the BOXABL project into an operating company. Galiano Tiramani is a serial entrepreneur who has founded several successful startups, notably, a cryptocurrency exchange and bitcoin ATM network that was founded in 2014 and later sold. He also founded and operated a large green farming and processing facility in Northern California before moving to Las Vegas to operate BOXABL full time. Galiano holds a bachelor’s degree in business. Paolo and Galiano Tiramani are father and son. In addition, the entire senior management of BOXABL is expected to continue with following the Business Combination to execute the business and strategic growth plan. For additional information regarding BOXABL’s executive officers, see the section entitled “Management of the Combined Company Following the Business Combination.” |

| ● | Valuation. The FGMC board of directors believes that the $3,500,000,000 pre-money equity valuation of BOXABL, offers an attractive valuation for FGMC’s stockholders. |

| ● | Best Available Opportunity. The FGMC board of directors determined, after a thorough review of other