Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 113

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 113
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 of our obligation to redeem 100% of our public shares if we do not complete our 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, unless we provide our public
stockholders with the opportunity to redeem their common stock upon approval of any such amendment at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account
(which interest shall be net of funds withdrawn for working capital purposes (not to exceed $1,000,000 annually) and taxes payable),
divided by the number of then outstanding public shares.

Our stockholders are not parties to, or third-party beneficiaries
of, these agreements and, as a result, will not have the ability to pursue remedies against our sponsor, executive officers or directors
for any breach of these agreements. As a result, in the event of a breach, our stockholders would need to pursue a stockholder derivative
action, subject to applicable law.

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Certain agreements related to this offering may be amended without stockholder approval.

Each of the agreements related to this offering to which we are a
party, other than the rights agreement and the investment management trust agreement, may be amended without stockholder approval. Such
agreements are: the underwriting agreement; the letter agreement among us and our initial stockholders, sponsor, officers, directors
and holders of the Underwriter Units; the registration rights agreement among us and our initial stockholders; the $15 Exercise Price
Warrants purchase agreement between us and our sponsor; the private units purchase agreement between us and our sponsor; and the administrative
services agreement among us, our sponsor and an affiliate of our sponsor. These agreements contain various provisions that our public
stockholders might deem to be material. For example, our letter agreement and the underwriting agreement contain certain lock-up provisions
with respect to the founder shares, $15 Exercise Price Warrants, private units and other securities held by our initial stockholders,
sponsor, officers and directors. Amendments to such agreements would require the consent of the applicable parties thereto and would
need to be approved by our board of directors, which may do so for a variety of reasons, including to facilitate our initial business
combination. While we do not expect our board of directors to