Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 242

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 242
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 ● | At least one FGMC nominated director |

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| ● | No breakup fee |

| ● | No prohibition of issuance/transfer of securities during exclusivity period |

| ● | No prohibition of new debt issuances during exclusivity period |

| ● | 60-day exclusivity (for both FGMC and BOXABL) Below is a detailed description of FGMC’s negotiations with BOXABL leading up to the execution of the Merger Agreement. |

Also on June 6, 2025, Maxim circulated a first draft of the LOI press release to the working group, and Maxim coordinated a kick-off call for June 9, 2025, to organize work streams. On June 9, 2025, a kick-off call was held with representatives from BOXABL, FGMC, Loeb, Winston, and Maxim. Main discussion points included responsibilities, with Winston taking the lead on the first draft of the Merger Agreement, and Loeb taking the lead on starting the S-4 registration statement. Loeb and FGMC were also tasked with reviewing and commenting on the press release BOXABL was to issue on signing the LOI (with FGMC not named in the PR). Regarding timing, it was agreed that BOXABL would issue its PR later that evening, Winston would circulate a draft of the Merger Agreement as soon as possible, BOXABL would disclose its Regulation A offering (“ Reg A ”) to close on June 24, 2025, and the Merger Agreement would be signed shortly after the Reg A closed. The parties also discussed the logistics of the due diligence process. From May 29, 2025 to June 12, 2025 Loeb and Winston continued discussing the optimal transaction structure, giving consideration to existence of non-voting preferred stock of BOXABL. After internal discussions with management teams of BOXABL and FGMC, on June 12, 2025, Winston circulated an updated transaction structure for a two-step merger to Loeb. On June 13, 2025, Loeb and Winston had a sidebar call during which this structure was accepted by both parties. On June 16, 2025, FGMC continued its due diligence process, and BOXABL provided access to an expanded data room for the Loeb and FGMC teams. From June 18, 2025 to June 23, 2025 FGMC and Loeb composed a comprehensive due diligence request list for Boxabl taking into account various elements of due diligence, including but not limited