Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 507

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 507
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 accretion of investment discounts on debt securities. The $2,666 thousand of interest income was erroneously reported as gross proceeds from sales and maturities of investments in cash flows from investing activities. The description of the $453 thousand accretion of investment discounts on debt securities, which is a non-cash item, has been changed on the Statement of Cash Flows to accurately describe the transaction. The Company has evaluated and concluded that these misstatements were not material, either individually, or in the aggregate to its previously issued consolidated financial statements. However, the Company has revised its previously issued consolidated financial statements to correct for such immaterial misstatements. The Company has summarized the impact of this revision to its previously issued financial statements, including the impacts to specific financial statement line items, and related footnotes, as follows:

| ​                                                              
 Statement of Cash Flows – For The Year Ended December 31, 2023 | ​ | ​           
 ​           |       ​ | ​ | ​    
 ​    |      ​ | ​ | ​          
 ​          |       ​ |
|:---------------------------------------------------------------|:--|:------------|--------:|:--|:-----|-------:|:--|:-----------|--------:|
| (In Thousands)                                                 |   | As Reported |         |   | Adj. |        |   | As Revised |         |
| Net gains on investments                                       |   | $           |  -3,119 |   | $    |  3,119 |   | $          |       — |
| Accretion of investment discounts on debt securities           |   | $           |       — |   | $    |   -453 | ​ | $          |    -453 |
| Net cash used in operations                                    |   | $           | -38,288 |   | $    |  2,666 | ​ | $          | -35,622 |
| Gross proceeds from sale and maturities of investments         |   | $           |  93,472 |   | $    | -2,666 | ​ | $          |  90,806 |
| Net cash provided by investing activities                      |   | $           |  36,092 |   | $    | -2,666 | ​ | $          |  33,426 |

The Company has considered the impact of this error correction on its internal controls over financial reporting and its disclosure controls.

F- 34

Use of Estimates The preparation of these