Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 312

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 312
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 Section 1221 of the Code (generally, property held for investment). This discussion is based on provisions of the Code, the Treasury Regulations promulgated thereunder, rulings and other published positions of the Internal Revenue Service (the “ IRS”) and judicial decisions, all as in effect as of the date hereof, and all of which are subject to change and differing interpretations, possibly with retroactive effect. Any such change or differing interpretation could affect the accuracy of the statements and conclusions set forth in this discussion. No assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary to any of the tax considerations described in this discussion. No advance ruling has been or will be sought from the IRS regarding any matter discussed below. This discussion does not purport to be a complete analysis of all of the U.S. federal income tax considerations that may be relevant to particular holders in light of their particular facts and circumstances, or to holders subject to special rules under the U.S. federal income tax laws, including, for example, but not limited to:

| ● | banks and other financial institutions; |

| ● | mutual funds; |

| ● | insurance companies; |

| ● | brokers or dealers in securities, currencies or commodities; |

| ● | dealers or traders in securities subject to a mark-to-market method of accounting; |

| ● | regulated investment companies and real estate investment trusts; |

| ● | retirement plans, individual retirement accounts and other deferred accounts; |

| ● | tax-exempt organizations, governmental agencies, instrumentalities or other governmental organizations and pension funds; |

| ● | persons holding FGMC Public Shares or BOXABL Common Stock as part of a “straddle,” hedge, constructive sale, or other integrated or conversion transaction or similar transaction; |

| ● | U.S. holders whose functional currency is not the U.S. dollar; |

| ● | partnerships, other entities or arrangements classified as partnerships for U.S. federal income tax purposes, “S corporations,” or other pass-through entities for U.S. federal income tax purposes (or investors in such entities); |

| ● | expatriated entities subject to Section 7874 of the Code; |

| ● | persons required to accelerate the recognition of any item of gross income as a result of such income being recognized on an “applicable financial statement”; |

| ● | persons subject to the alternative minimum tax; |

| ● | U.S. expatriates and former citizens or long-term residents of the United