Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 572

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 572
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832 shares of Series A-3 Preferred Stock for gross proceeds of $5,101 thousand through Regulation D. |

| ● | 161,801 shares of Series A-2 Preferred Stock for gross proceeds of $129 thousand through Canadian Offering. |

Warrants In connection with the issuance of certain A-3 shares, as of June 30, 2025 and December 31, 2024, respectively, the Company has issued 18,573 thousand and 18,573 thousand warrants that are exercisable at a price of $0.80 per share. Warrants are exercisable for three years from the date of purchase (the “Exercise Period”); provided, however, that the Company may call the warrants, in its sole discretion, at any time upon 30 days written notice to the Shareholders. If redeemed, each warrant shall be redeemed for one share of A-3 Preferred Stock. All unexercised warrants will expire and are subject to certain transfer restrictions. Escrow Receivable As of June 30, 2025 and December 31, 2024, the Company recorded $21,733 thousand and $365 thousand, respectively, of investment holdbacks in escrow receivable on its consolidated balance sheets. These amounts represent cash balances held by third party custodians on behalf of the broker-dealer associated with the Company’s equity offerings, for the benefit of BOXABL. For share sales that have closed during the quarter, Company accrues an escrow receivable to account for the gross proceeds of the equity offering that are held by the third party Custodian. This escrow receivable is settled when cash is received by the Company.

F- 77

#### Offering Costs and Deferred Offering Costs
For the three and six months ended June 30, 2025, the Company incurred offering costs of $1,661 thousand and $2,549 thousand, respectively, compared to the three and six months ended June 30. 2024 offering costs of $76 thousand. These costs include legal fees, targeted marketing and other deferred costs related directly to the open offerings.

#### Subscription Liability
As of June 30, 2025 and December 31, 2024, the Company had $25 thousand and $651 thousand, respectively, in a subscription liability pertaining to proceeds received, but the Preferred shares were not yet issued by the Company. These amounts represent funds from equity offerings paid to the Company prior to the issuance of shares. The Company has an obligation to issue the corresponding shares