Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 146

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 146
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870,000 if the over-allotment option is exercised in
full), will be $81,141,500 (or $93,021,500 if the underwriters’ over-allotment option is exercised in full). $80,800,000 ($10.10
per share), or $92,800,000 ($10.087 per share) if the underwriters’ over-allotment option is exercised in full, will be held in
the trust account. The proceeds held in the trust account will be invested only in U.S. government treasury obligations with a maturity
of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest
only in direct U.S. government treasury obligations. The remaining approximately $341,500 (or $221,500 if over-allotment option is exercised
in full) will not be held in the trust account. In addition, our sponsor has agreed to loan us $417,000 at the closing of this offering
pursuant to an unsecured promissory note, the funds from which will be used to fund a portion of our working capital following this offering.
Such note will bear interest at the rate of 12% per year and will mature one year after it is issued.

In the event that our offering expenses exceed our estimate of
$1,108,500 (whether or not the underwriters overallotment option is exercised), we may fund such excess with funds not to be held in
the trust account and the amount we are permitted to withdraw annually for working capital purposes (not to exceed $1,000,000) from interest
earned on the funds held in the trust account. In such case, the amount of funds we intend to be held outside the trust account would
decrease by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate of $1,108,500 (whether
or not the underwriters overallotment option is exercised), the amount of funds we intend to be held outside the trust account would
increase by a corresponding amount.

We intend to use substantially all of the funds held in the trust
account, including any amounts representing interest earned on the trust account to complete our initial business combination. We may
withdraw interest to pay our taxes. Our annual income tax obligations will depend on the amount of interest and other income earned on
the amounts held in the trust account. We expect the interest earned