Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 252

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 252
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i) these interests are disclosed in this joint proxy statement/prospectus, and (ii) the value of the equity interests in FGMC held, directly or |

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| indirectly (via the Sponsor), by FGMC’s directors, executive officers and advisors would fluctuate based on the future performance of the Combined Company Common Stock. See “-Interests of FGMC’s Directors and Executive Officers in the Business Combination” for further information about the interests of the FGMC directors and executive officers in the Business Combination. |

| ● | Potential Dilutive Effect. The FGMC board of directors considered that FGMC public stockholders who do not elect to have their FGMC Public Shares redeemed for cash in connection with the Business Combination would be diluted at the Closing due, among other things, to the valuation assigned to BOXABL in the transaction. See “-Dilution” and “-Ownership Following the Business Combination.” |

Based on its review of the foregoing considerations, the FGMC board of directors concluded that the potentially negative factors associated with the Business Combination were outweighed by the potential benefits that it expects FGMC stockholders will receive as a result of the Business Combination. The FGMC board of directors realized that there can be no assurance about future results, including results considered or expected as disclosed in the foregoing reasons. The Business Combination Proposal requires approval by the affirmative vote of the holders of a majority of the outstanding shares of FGMC common stock entitled to vote thereon. The FGMC board of directors has not retained an unaffiliated representative to act solely on behalf of unaffiliated stockholders of FGMC for purposes of negotiating the terms of the Business Combination on their behalf and/or preparing a report concerning the approval of the Business Combination. The Business Combination was unanimously approved by the FGMC board of directors. The preceding discussion of the information and factors considered by the FGMC board of directors is not intended to be exhaustive but includes the material factors considered by the FGMC board of directors. In view of the complexity and wide variety of factors considered by the FGMC board of directors in connection with its evaluation of the Business Combination, the FGMC board of directors did not consider it practical to, nor did it attempt to, quantify, rank or otherwise assign relative weights to the different factors that it considered in reaching its decision. In addition, in considering the factors described above, individual members of the FGMC board of directors may have given different weight to different factors. The FGMC board of directors considered this information as a whole and overall considered the information