Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 201

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 201
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 the liquidation of the trust
account if less than $10.10 per share (or $10.087 per share if the underwriters exercise their over-allotment option in full) due to
reductions in the value of the trust assets, in each case less taxes payable, and our sponsor asserts that it is unable to satisfy its
indemnification obligations or that it has no indemnification obligations related to a particular claim, our independent directors would
determine whether to take legal action against our sponsor to enforce its indemnification obligations. While we currently expect that
our independent directors would take legal action on our behalf against our sponsor to enforce its indemnification obligations to us,
it is possible that our independent directors in exercising their business judgment may choose not to do so in any particular instance.
Accordingly, we cannot assure you that due to claims of creditors the actual value of the per-share redemption price will not be less
than $10.10 per share (or $10.087 per share if the underwriters exercise their over-allotment option in full).

We will seek to reduce the possibility that our sponsor will have
to indemnify the trust account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses
or other entities with which we do business execute agreements with us waiving any right, title, interest or claim of any kind in or
to monies held in the trust account. Our sponsor will also not be liable as to any claims under our indemnity of the underwriter of this
offering against certain liabilities, including liabilities under the Securities Act. We will have access to up to approximately $341,500
(or $221,500 if the over-allotment option is exercised in full) from the proceeds of this offering, 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,
with which to pay any such potential claims (including costs and expenses incurred in connection with our liquidation, currently estimated
to be no more than approximately $100,000).

In the event that we liquidate and it is subsequently determined that
the reserve for claims and liabilities is insufficient, stockholders who received funds from our trust account could be liable for claims
made by creditors. In the event that our offering expenses exceed our estimate of $1,108,500 (whether or not the underwriters overallotment
option is