Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 200

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 200
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 sold to us, or a prospective target business with which we
have entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the
amount of funds in the trust account to below the lesser of (i) $10.10 per public share (or $10.087 per share if the underwriters
exercise their over-allotment option in full) and (ii) the actual amount per public share held in the trust account as of the date
of the liquidation of the trust account, if less than $10.10 per public share (or $10.087 per share if the underwriters exercise their
over-allotment option in full) due to reductions in the value of the trust assets, less taxes payable, provided that such liability will
not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held
in the trust account (whether or not such waiver is enforceable) nor will it apply to any claims under our indemnity of the underwriter
of this offering against certain liabilities, including liabilities under the Securities Act. However, we have not asked our sponsor
to reserve for such indemnification obligations, nor have we independently verified whether our sponsor has sufficient funds to satisfy
its indemnity obligations and we believe that our sponsor's only assets are securities of our company. Therefore, we cannot assure you
that our sponsor would be able to satisfy those obligations. As a result, if any such claims were successfully made against the trust
account, the funds available for our initial business combination and redemptions could be reduced to less than $10.10 per public share
(or $10.087 per share if the underwriters exercise their over-allotment option in full). In such event, we may not be able to complete
our initial business combination, and you would receive such lesser amount per share in connection with any redemption of your public
shares. None of our officers or directors will indemnify us for claims by third parties including, without limitation, claims by vendors
and prospective targets businesses.

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In the event that the proceeds in the trust account are reduced
below the lesser of (i) $10.10 per public share (or $10.087 per share if the underwriters exercise their over-allotment
option in full) and (ii) the actual amount per public share held in the trust account as of the date of