Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 217

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 217
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 |   Common Shares) | ​ ​ ​ |          Rights) | ​ ​ ​ |            Warrants) | ​ ​ ​ |                Sponsor | ​ ​ ​ |          Sponsor |   |
| Larry G. Swets, Jr. |       |            6,647 | (1)​  |          139,906 |       |            7,443 |       |              333,334 |       |                  10.45 | %     |             33.3 | % |
| Hassan R. Baqar     |       |           40,000 | (2)​  |          139,906 |       |            7,444 |       |              333,333 |       |                  12.82 | %     |             33.3 | % |
| D. Kyle Cerminara   |       |                — | (3)​  |          139,906 |       |            7,443 |       |              333,333 |       |                   9.97 | %     |             33.3 | % |
| FG Nexus Inc.       | ​     |           83,096 | (4)​  |                — | ​     |                — | ​     |                    — | ​     |                      6 | %     |                — | ​ |

| (1) | Held indirectly through MSLR Holdings, LLC, an entity managed by Larry G. Swets. |

| (2) | Held indirectly through SF Investors II LLC, an enity managed by Hassan R. Baqar. |

| (3) | Mssrs. Cerminara, Swets and Baqar are also investors in FG Nexus Inc., (NASDAQ: FGNX), previosuly known as Fundamental Global, Inc. (NASDAQ: FGF), a public company that owns membership interests in the Sponsor. In addition, our directors Scott D. Wollney and Richard E. Govignon are also directors of FG Nexus Inc. |

| (4) | Common shares of the Company held via the Sponsor. |

In light of the foregoing, the Sponsor and FGMC’s directors, executive officers and advisors will receive material benefits from the completion of the Business Combination and may be incentivized to complete the Business Combination with BOXABL rather than liquidate even if (i) BOXABL is a less favorable target company or (ii) the terms of the Business Combination are less favorable to stockholders.