Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 254

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 254
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 business combination, (B) to waive their redemption rights with respect to any founder
shares and public shares they hold in connection with a stockholder vote to approve an amendment to our amended and restated articles
of incorporation to modify the substance or timing of our obligation to redeem 100% of our public shares if we have not consummated an
initial business combination within 24 months from the closing of this offering (or such later date pursuant to an approved extension),
or with respect to any other material provisions relating to stockholders’ rights or pre-initial business combination activity
and (C) to waive their rights to liquidating distributions from the trust account with respect to any founder shares they hold if
we fail to complete our initial business combination within 24 months from the closing of this offering (or such later date pursuant
to an approved extension) or any extended period of time that we may have to consummate an initial business combination as a result of
an amendment to our amended and restated articles of incorporation, although they will be entitled to liquidating distributions from
the trust account with respect to any public shares they hold if we fail to complete our initial business combination within such time
period. If we submit our initial business combination to our public stockholders for a vote, our initial stockholders have agreed to
vote their founder shares and any public shares purchased during or after this offering in favor of our initial business combination.

With certain limited exceptions, the founder shares are not transferable, assignable or salable (except to our officers and directors and other persons or entities affiliated with our sponsor or Mr. Jaigobind, each of whom will be subject to the same transfer restrictions) until the earlier of: (i) with respect to 50% of the founder shares, the earlier of (x) twelve months after the date of the consummation of an initial business combination or (y) the date on which the closing price of our common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination and (ii) with respect to the remaining 50% of the founder shares, twelve months after the date of the consummation of our initial business combination, provided, if we consummate a transaction after our initial business combination which results in our stockholders having the right to exchange their shares for cash, securities or other property, the