Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 104

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 104
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reements-Registration Rights Agreement.”

Lock-Up Agreements

At the closing of the Business Combination, BOXABL and FGMC will enter into lock-up agreements with certain BOXABL stockholders (the “Company Lock-Up Agreements”) and with the Sponsor (the “Sponsor Lock-Up Agreement”), restricting the transfer of certain shares for specified periods following the closing.

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Ownership Following the Business Combination As of the date of this joint proxy statement/prospectus, there are 10,295,800 shares of FGMC Common Stock (including the shares underlying the FGMC Units, 8,000,000 shares of FGMC Common Stock subject to possible redemption and 2,223,300 shares of FGMC Common Stock held by the Initial Stockholders and Ramnarain Joseph Jaigobind). The tables below summarize the pro forma ownership of Combined Company Common Stock immediately following the Business Combination assuming two redemption scenarios, each of which are described directly below:

| ● | No Redemption Scenario: The “No Redemption Scenario” assumes that no additional holders of FGMC Public Shares exercise their right to have their FGMC Public Shares redeemed for their pro rata share of the Trust Account. |

| ● | Maximum Redemption Scenario: The “Maximum Redemption Scenario” assumes that all 8,000,000 FGMC Public Shares are redeemed, resulting in an aggregate cash payment of approximately $81.7 million out of the Trust Account based on an assumed redemption price of $10.21 per share. |

The ownership percentages reflected in the tables below are based upon the number of shares of BOXABL Common Stock issued and outstanding as of June 30, 2025, and are subject to the following additional assumptions:

| ● | the total shares of Combined Company Common Stock to be issued to holders of BOXABL Common Stock will be 247,910,599. This includes Combined Company Commons Stock to be issued to holder of BOXABL Convertible Securities; |

| ● | the total shares of Combined Company Merger Preferred Stock to be issued to holders of BOXABL Preferred Stock will be 102,089,401; |

| ● | the beneficial ownership of the Sponsor of 2,000,000 shares FGMC Common Stock were acquired for an aggregate investment of $25,000 prior to the IPO. Such shares would become worthless if FGMC does not complete a business combination by January 30, 2027, or during any extension period, as the Sponsor waived any redemption right with respect to those shares. At the Closing