Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 409

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 409
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2024. This decrease is due to refunds and/or application of customer deposits to customer orders that were fulfilled during 2025.

220

#### Deferred RevenueAs of June 30, 2025, our balance sheet carried $2.7 million of deferred revenue related primarily to advanced deposits on unfulfilled purchase orders, including $1.5 million to Pronghorn Services LLC, $108,000 deposit on a contract with Hideaway Inn, LLC, and $340,000 deposit for purchase orders from Punnet Construction in Oklahoma. This compares to $2.3 million of deferred revenue as of December 31, 2024. Deferred revenue generally occurs when BOXABL receives payments from the customer in advance of BOXABL shipping units to that customer. Pursuant to ASC 606, Revenue Recognition, BOXABL records deferred revenue for paid, unfulfilled performance obligations which are represented by the Casitas or installer training sessions that had not yet been delivered as of the date of the consolidated financial statements.Off-Balance Sheet ArrangementsBOXABL did not have any off-balance sheet arrangements as of June 30, 2025 or December 31, 2024.​

#### 221
MANAGEMENT OF THE COMBINED COMPANY FOLLOWING THE BUSINESS COMBINATION Directors and Executive Officers The following table sets forth certain information concerning the individuals who are anticipated, as of the date of this joint proxy statement/prospectus, to be the directors and executive officers of the Combined Company following the Closing:

| ​                  | ​ | ​                                  | ​ |   ​ |
| Directors          |   |                                    |   |     |
| ​                  | ​ | ​                                  | ​ |   ​ |
| Name               | ​ | Position                           | ​ | Age |
| Paolo Tiramani     |   | Director                           |   |  65 |
| Galiano Tiramani   |   | Director                           |   |  37 |
| David R. Cooper II |   | Director                           |   |  55 |
| Zvi Yemini         |   | Director                           |   |  74 |
| ​                  | ​ | ​                                  | ​ |   ​ |
| Executive Officers |   |                                    |   |     |
| ​                  | ​ | ​                                  | ​ |   ​ |
| Name               |   | Position                           |   | Age |
| Paolo Tiramani     |   | Co-Chief Executive Officer         |   |  65 |
| Galiano