Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 272

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 272
---
 Federal Income Tax Consequences of the Conversion” below.

Securities Act Consequences

The shares of FGMC-TX capital stock to be issued in exchange for shares of FGMC-NV capital stock are not being registered under the Securities Act of 1933, as amended (the “Securities Act”). In that respect, FGMC-TX is relying on Rule 145(a)(2) under the Securities Act, which provides that a conversion that has as its sole purpose a change in a corporation’s domicile does not involve the sale of securities for purposes of the Securities Act. After the Reincorporation, FGMC-TX will be a publicly held company, and it will file with the SEC and provide to its stockholders the same type of information that it has previously filed and provided. Stockholders, whose shares of FGMC capital stock are freely tradable before the Reincorporation, will continue to have freely tradable shares of FGMC-TX capital stock. Stockholders holding restricted shares of FGMC-TX capital stock will be subject to the same restrictions on transfer as those to which their present shares of FGMC capital stock are subject. In summary, FGMC-TX and its stockholders will be in the same respective positions under the federal securities laws after the Reincorporation as FGMC and its stockholders prior to the Reincorporation.

No Exchange of Stock Certificates Required

Stockholders are not required to exchange their stock certificates for new certificates representing shares of FGMC-TX capital stock. New stock certificates representing shares of FGMC-TX capital stock will not be issued to a stockholder until such stockholder submits one or more existing certificates for transfer, whether pursuant to a sale or other disposition. However, stockholders (at their option and at their expense) may exchange their stock certificates for new certificates representing shares of FGMC-TX capital stock, as the case may be, following the effective time of the Reincorporation.

<div align='center'>130</div>

No Appraisal Rights Under the NRS, FGMC stockholders are not entitled to dissenter’s rights with respect to the Reincorporation described in this Proposal No. 2. Comparative Rights of Stockholders Before and After the Reincorporation As a result of differences between the NRS and the TBOC, as well as differences between the Nevada Articles of Incorporation and the Nevada Bylaws, on the one hand, and the Texas Certificate of Formation and the Texas Bylaws, on the other hand