Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 564

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 564
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 Number of Units | ​     
 ​ ​ ​ 
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 ​     | ​                
 Weighted-Average 
 Grant Date       
 Fair Value       |           ​ |
|:----------------------------------------------|:------|----------------:|:------|:-----------------|------------:|
| Outstanding and unvested at December 31, 2023 |       |      60,500,072 | ​     | $                |  30,900,000 |
| RSUs Granted                                  |       |     126,500,031 | ​     | $                | 101,200,025 |
| RSUs Forfeited                                |       |      13,428,595 | ​     | $                |  10,742,876 |
| Outstanding and unvested at December 31, 2024 |       |     173,571,508 | ​     | $                | 121,357,149 |

As of December 31, 2024, all stock-based compensation expenses related to the Company’s RSUs remained unrecognized because the performance-based condition was not satisfied. No RSUs had met their service-based vesting condition as of December 31, 2024; also, no RSUs had met the performance vesting condition. If the performance vesting condition had been satisfied on December 31, 2024, the Company would have recorded $121.3 million of stock-based compensation expense using the accelerated attribution method related to RSUs. Due to the nature of the acceleration clause, upon a Qualified Transaction, 100% of the stock-based compensation expense on these RSUs will be recognized. NOTE 13 — COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company enters into contractual agreements with third parties that include non-cancelable payment obligations, for which it is liable in future periods. These arrangements can include terms binding the Company to minimum payments and/or penalties if it terminates the agreement for any reason other than an event of default as described in the agreement.

F- 53

In the course of business, the Company is party to various legal proceedings and claims from time to time. A liability will be accrued when a loss is both probable and can be reasonably estimated. Management believes that the probability of a material loss is remote. However, litigation is inherently uncertain, and it is not possible to predict the ultimate disposition of these proceedings