FGMCMEDIUM SIGNALOPERATIONAL10-K

FGMC completed its IPO transition from proposed to effective status in January 2025, moving from pre-offering formation stage to active business combination search phase.

The company successfully launched its public offering with registration becoming effective on January 28, 2025, transitioning from a proposed IPO to generating actual interest income from proceeds. The removal of the specific focus on financial services industry suggests FGMC may be broadening its target acquisition scope, potentially expanding deal opportunities but also indicating less defined investment criteria.

Comparing 2026-03-31 vs 2025-02-21View on EDGAR →
FINANCIAL ANALYSIS

The balance sheet shows minimal activity with total liabilities increasing modestly to $195K, reflecting typical operational expenses for a newly public blank check company. The financial position remains stable and appropriate for a SPAC in its early search phase. Overall metrics indicate normal post-IPO operations with the company now generating interest income from its trust proceeds as expected.

FINANCIAL STATEMENT CHANGES
Total Liabilities
Balance Sheet
+13.5%
$172K→$195K

Liabilities increased 13.5% — monitor debt-to-equity ratio and interest coverage.

LANGUAGE CHANGES
NEW — 2026-03-31
PRIOR — 2025-02-21
ADDED
As of March 31, 2026 there were 10,295,800 shares of Common Stock, par value $0.0001, issued and outstanding.
BUSINESS Introduction We are a blank check company incorporated in Nevada on September 20, 2023 for the purpose of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities ( Business Combination ).
As of December 31,2025, the Company had not yet commenced any operations.
All activity through December 31, 2025 relates to the Company s formation and the initial public offering ( IPO ), which is described below, and the search of Business Combination.
The Company generates nonoperating income in the form of interest income from the proceeds derived from the IPO.
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REMOVED
As of February 21, 2025 there were 10,295,800 shares of Common Stock, par value $0.0001, issued and outstanding.
BUSINESS Introduction We are a blank check company incorporated in Nevada on September 20, 2023 for the purpose of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities ( Business Combination ).While we are not limited to a particular industry or geographic region for purposes of consummating a Business Combination, we intends to focus on businesses in the financial services industry.
As of December 31,2024, the Company had not yet commenced any operations.
All activity through December 31, 2024 relates to the Company s formation and the proposed initial public offering ( Proposed Offering ), which is described below.
The Company will generate nonoperating income in the form of interest income from the proceeds derived from the Proposed Offering.
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