Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 245

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 245
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 pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant to the policy, the audit committee
will consider (i) the relevant facts and circumstances of each related party transaction, including if the transaction is on terms
comparable to those that could be obtained in arm’s-length dealings with an unrelated third party, (ii) the extent of the
related party’s interest in the transaction, (iii) whether the transaction contravenes our code of ethics or other policies,
(iv) whether the audit committee believes the relationship underlying the transaction to be in the best interests of the company
and its stockholders and (v) the effect that the transaction may have on a director’s status as an independent member of the
board and on his or her eligibility to serve on the board’s committees.

Management will present to the audit committee each proposed related
party transaction, including all relevant facts and circumstances relating thereto. Under the policy, we may consummate related party
transactions only if our audit committee approves or ratifies the transaction in accordance with the guidelines set forth in the policy.
The policy will not permit any director or executive officer to participate in the discussion of, or decision concerning, a related person
transaction in which he or she is the related party.

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DESCRIPTION OF SECURITIES</div>

We are a Nevada corporation and our affairs are governed by our amended
and restated articles of incorporation and the NRS. Pursuant to our amended and restated articles of incorporation which will be adopted
prior to the consummation of this offering, we will be authorized to issue 100,000,000 shares of common stock, as well as 4,000,000 shares
of preferred stock, $0.0001 par value each. The following description summarizes certain terms of our capital stock as set out more particularly
in our amended and restated articles of incorporation. Because it is only a summary, it may not contain all the information that is important
to you.

Units

Public Units

Each unit has an offering price of $10.00 and consists of one share
of common stock and one public right. Each right entitles the holder thereof to receive one-tenth (1/10) of a share of common stock upon
consummation of our initial business combination. We will not issue fractional shares. As a result, you must hold rights in multiples
of 10 in order to receive shares for all of your rights upon closing of a business