Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 568

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 568
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 and April 10, 2025, the Company shipped 8 units. There are currently 38 units that are under contract with our dealer network which are going through various steps required to be installed such as permitting and site preparation. In addition, the Company has signed contracts with various B2B customers for 119 units.

During January 2025, the Company’s Casita was approved under the Residential Building Code in the State of Nevada and was also approved to be sold across the entire State of California, inclusive of all climate zones.

On January 24, 2025, the Company announced the launch of sales for the Baby Box. In addition, the Company announced its next generation of Phase 2 Boxes (modules) that stack and/or connect to build different building types and floorplans.

#### Tariffs
Subsequent to year-end, the U.S. government implemented new tariff measures affecting a broad range of imported materials. We have evaluated the potential impact of these actions on our operations and supply chain and do not expect them to have a material impact on our financial position or results of operations in the near term. Our operations are currently supported by a substantial inventory of completed units manufactured prior to the effective dates of the tariff adjustments, which reduces our near-term exposure to increased costs associated with imported materials. Additionally, as we transition into the next phase of our product development, including Phase 2, our sourcing strategy reflects a greater emphasis on 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,