Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 246

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 246
---
 issued a promissory note to the Sponsor, pursuant to which FGMC may borrow up to an aggregate principal amount of $150,000. FGMC drew $125,000 under the promissory note. On April 1, 2025, FGMC paid off the entire $125,000 balance. As of June 30, 2025, there was no balance outstanding under this promissory note.On January 30, 2025, FGMC issued an unsecured promissory note of $417,000 to the Sponsor. This promissory note bears interest at the rate of 12% per year and will mature on January 30, 2026. On March 5, 2025, FGMC paid $257,000 in principal and $4,935 in interest. On April 1, 2025, FGMC paid $160,000 in principal and $1,736 in interest.As of June 30, 2025, there was no outstanding balance under this promissory note. | ​ | Expenses related to the IPO.                                                                                                                                          |
| ​                 | ​ | At the Closing, the Sponsor would own a total of 2,273,130 shares of Combined Company Common Stock. Such shares have an aggregate market value of approximately $22.7 million based on the closing price of FGMC Common Stock of $9.97 on September 12, the most recent practicable date prior to the date of this joint proxy statement/prospectus on which trading data for FGMC Common Stock was available.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ | The Sponsor paid $25,000 (or approximately $0.01 per share) for the Founder Shares, as compared to the purchase price of $10.00 per Public Unit sold in the FGMC IPO. |
| ​                 | ​ | At the Closing, the Sponsor and its affiliates will be reimbursed for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination on behalf of FGMC. FGMC currently estimates that the total amount payable for transaction expenses of FGMC to the Sponsor is approximately $0.00.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | ​ | Delivery of services by the Sponsor and its affiliates in connection with identifying, investigating and completing an initial business combination.                  |

118

Interests of FGMC’s Directors and Executive Officers in the Business Combination Unless the context otherwise requires, all references in this subsection to the “Company,” “FGMC,” “we,” “us