Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 120

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 120
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 from the purchase of our shares of common stock.

The difference between the public offering price per share (allocating
all of the unit purchase price to the share of common stock and none to the rights included in the unit) and the pro formanet
tangible book value per share of our common stock after this offering constitutes the dilution to you and the other investors in this
offering. Our initial stockholders acquired the founder shares at a nominal price, significantly contributing to this dilution. Upon
the closing of this offering, and assuming maximum redemption and no value is ascribed to the rights included in the units, the private
units, the $15 Exercise Price Warrants, the EarlyBird Units or the Underwriter Units and the other public stockholders will incur an
immediate and substantial dilution of approximately 99.90% or $9.493 per share, assuming no exercise of the underwriters’ over-allotment
option, the difference between the pro formanet tangible book value per share after this offering of $0.507 and the initial offering
price of $10.00 per unit. our common stock

The determination of the offering price of our units, the size of this offering and terms of the units is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly reflects the value of such units than you would have in a typical offering of an operating company.

Prior to this offering there has been no public market for any of
our securities. The public offering price of the units and the terms of the rights were negotiated between us and the underwriters. In
determining the size of this offering, management held customary organizational meetings with representatives of the underwriters, both
prior to our inception and thereafter, with respect to the state of capital markets, generally, and the amount the underwriters believed
they reasonably could raise on our behalf. Factors considered in determining the size of this offering, prices and terms of the units,
including the common stock and rights underlying the units, include:

| · | the history and prospects of companies whose principal 
 business is the acquisition of other companies;        |

| · | prior offerings of those companies; |

| · | our prospects for acquiring an operating business at 
 attractive values;                                   |

| · | a review of debt to equity ratios in leveraged transactions; |

| · | our capital structure; |

|