Company: FGMCU
Filing Date: 2025-11-13
Form Type: 425
Source: 0001104659-25-111079
Chunk: 10

Company: FG Merger II Corp.
Filing Date: 2025-11-13
Form: 425
Chunk 10
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 one of those rare situations where in a sense it's kind of bringing its own retail, the shareholder base into the transaction already
from these earlier, you know, Reg A raises.

So I mean, what do you think that the dynamics
are going to be like that moving forward in terms of trading, in terms of just the conversation, you know, how does that play into your
approach here?

Larry Swets Jr.: Yeah, I don't know that
I can predict it. I mean, every time I think, you know, that we've got some insight into how the market is going to view things, I get
humbled. So, what we like about it is, a very engaged shareholder base, one that is interacting with the company, the one that wants to
see the company succeed and quite frankly, helps lower the cost of capital. Right? I mean, you know, one of the reasons and, you know,
I'm sure we'll talk about valuation. I'm a deep value investor. I can't look at financial metrics and make sense of, you know, the valuation
here. But, you know, tens of thousands of people have put their money into this company at a valuation in a way that suggests that we
want this to succeed, and we want to lower the cost of capital to make that happen.

You struggle to find a way to be relevant in the
noise of public markets. And we've got 55,000 shareholders or 56. I don't think it's the exact number. He speaks directly to that. Think
about how valuable that is. Not only speaks to them as anyone can talk to a hundred thousand people on Twitter or wherever, but they're
engaged and invested.

And, so we've I think we've hit that. But that,
to me is, what's really unique. This would be really way more challenging and probably not something we'd be interested in doing if it
didn't have that right. That was like the thing that said, okay, if there's something here, here, after knowing that, then, you know,
then and there is.

Right, these Boxes are real. And, you know, I
as I'm getting older and more humbled by markets, I'm looking at the wisdom of the crowd and seeing the opportunity here for, for them
to take this, you know, that shareholder base to do with this, what they're going to do. We've seen