Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 244

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 244
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 includes 22,330 and 2,500 shares of common stock held by Sponsor and Ramnarain Jospeh Jaigobind, respectively, underlying the Private Unit Rights. |

| (4) | Consists of 47,500 shares of common stock underlying Underwriter and Advisor Unit. Also includes 4,750 shares of common stock converted from rights underlying the Underwriter and Advisor Units. |

Stockholders will experience additional dilution to the extent the Combined Company issues additional shares of Combined Company Common Stock, Combined Company Merger Preferred Stock or Combined Company Preferred Stock after the Closing. Please see “ Unaudited Pro Forma Condensed Combined Financial Information” for further information.

116

Compensation Received by the Sponsor and its Affiliates

The Sponsor is a Nevada limited liability company formed to invest in FGMC. Although the Sponsor is permitted to undertake any activities permitted under applicable law, the Sponsor’s business is focused on investing in FGMC. The Sponsor is owned by FGMC’s management team, and certain other investors. Larry G. Swets, Jr., Hassan R. Baqar, and D. Kyle Cerminara are the managers of the Sponsor. The investment and voting decisions for the Sponsor are made jointly by the three managers and no one individual has a controlling decision. FGMC’s management team, together with their affiliates, collectively own approximately 32% of the membership interests in the Sponsor.

On October 6, 2023, the Sponsor paid $25,000 in exchange for 2,156,250 Founder Shares, or approximately $0.012 per share. On October 18, 2023, the Sponsor transferred an aggregate of 465,000 founder shares to members of the Company’s management, board of directors and senior advisors, resulting in the Sponsor holding 1,691,250 Founder Shares. On August 21, 2024, we issued a dividend of approximately 0.07 Founder Shares for every issued and outstanding Founder Share, or an aggregate of 143,750 Founder Shares (the “Dividend Shares”), resulting in our Initial Stockholders holding an aggregate of 2,300,000 Founder Shares.

On August 21, 2024, our directors, officers and senior advisors transferred 31,000 Dividend Shares to the Sponsor. On August 21, 2024, the Sponsor transferred an aggregate of 150,000 founder shares to officers of FGMC, resulting in the Sponsor holding 1,685,000 founder shares.

On January