Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 269

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 269
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 you consider the FGMC board of directors’ recommendation of these proposals, you should keep in mind that FGMC’s directors and officers have interests in the Business Combination that are different from, or in addition to (and which may conflict with), your interests as a stockholder. These interests may influence FGMC’s directors in making their recommendation that you vote in favor of these proposals. These interests were considered by the FGMC board of directors when it approved the Business Combination. See the section entitled “-Interests of FGMC’s Directors and Executive Officers in the Business Combination” for a further discussion of these considerations.

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FGMC STOCKHOLDER PROPOSAL NO. 2: THE CONVERSION PROPOSAL</div>

Overview

The Conversion Proposal -FGMC’s stockholders are also being asked to consider and vote on a proposal to reincorporate FGMC from a Nevada corporation to a Texas corporation (the “Reincorporation”). If FGMC’s stockholders approve the proposal, FGMC will effect the Reincorporation by converting (the “Conversion”) the corporation as provided in the NRS and TBOC. For the purposes of this proposal, we sometimes refer to the company as “FGMC-NV” prior to the Reincorporation and “FGMC-TX” after the Reincorporation. Reincorporation in Texas will not result in a material change in FGMC’s business, management, assets, liabilities or net worth and will allow FGMC to take advantage of certain provisions of the corporate and tax laws of Texas. FGMC may abandon the Reincorporation in the Board’s discretion at any time prior to the effectiveness of the Reincorporation.

Reasons for Reincorporation in Texas

The board of directors of FGMC believes that reincorporation in Texas is in the best interests of FGMC’s stockholders for the following reasons:

Business-Friendly Environment and Tax Advantages: Texas offers a pro-business climate with no state corporate income tax, instead imposing a revenue-based franchise tax, which can result in significant cost savings compared to other states. The Texas tax structure, characterized by low overall business taxes, will support the Combined Company’s objective of optimizing capital allocation and reducing operating expenses, particularly in a high-growth, capital-intensive environment. Texas also provides a range of incentives for businesses in sectors such as construction and manufacturing, which will be central to the Combined Company’s modular housing operations.

Favorable Corporate Governance and Legal Framework: The T