Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 310

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 310
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in the accompanying balance sheets, primarily due to their short-term nature. The Company did not have any financial instruments as of
September 30, 2024.

<div align='center'>F-9</div>

Recently issued accounting standard

Management does not believe that any recently issued, but not yet
effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

NOTE 3. PROPOSED OFFERING

Pursuant to the Proposed Offering, the Company will offer for sale
up to 8,000,000 Units (or 9,200,000 Units if the underwriters’ overallotment option is exercised in full) at a purchase price of
$10.00 per Unit. Each Unit will consist of one common share and one right to receive one-tenth common share (“Public Right”).(see
Note 7).

NOTE 4. PRIVATE PLACEMENT

The Sponsor has committed to purchase an aggregate of 1,000,000
$15 Private Warrants at a price of $0.10 per $15 Private Warrant, 3, and 248,300 Private Units at a price of $10.00 per Private Unit,
in each case, from the Company in a private placement that will occur simultaneously with the closing of the Proposed Offering. The aggregate
gross proceeds from the sale of $15 Private Warrants, and Private Units will be $2,583,000. If the Company does not complete a Business
Combination within the Combination Period, the $15 Private Warrants and the Private Unit Warrants will expire worthless. The $15 Private
Warrants will be non-redeemable for cash and exercisable on a cashless basis. Each $15 Private Warrant will entitle the holder to purchase
one share of common stock at its respective exercise price. Each Private Right will entitle the holder to receive one-tenth of common
shares.

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

On October 6, 2023, the Company issued an aggregate of 2,156,250
shares of common stock (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $25,000 in cash. On October 18,
2023, the Sponsor transferred an aggregate of 465,000 Founder Shares to members of the Company's management, board of directors and senior
advisors, resulting in the Sponsor holding 1,691,250 Founder Shares