Company: FGMCU
Filing Date: 2025-09-18
Form Type: S-4
Source: 0001104659-25-091249
Chunk: 474

Company: FG Merger II Corp.
Filing Date: 2025-09-18
Form: S-4
Chunk 474
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, will be exercisable for a period of 10 yearsfrom the date of Business Combination, will be non-redeemable, and may be exercised on a cashless basis. Additionally, $ 15Private Warrants and the shares issuable upon the exercise of the $ 15Private Warrants will not be transferable, assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions. On October 6, 2023, the Company issued an aggregate of 2,156,250shares of common stock (the “Founder Shares”) to the Sponsor for an aggregate purchase price of $ 25,000in cash. On October 18, 2023, the Sponsor transferred an aggregate of 465,000Founder Shares to members of the Company’s management, board of directors and senior advisors, resulting in the Sponsor holding 1,691,250Founder Shares. The Founder Shares include an aggregate of up to 300,000shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment is not exercised in full or in part, so that the Initial Stockholders will collectively own 20% of the Company’s issued and outstanding shares after the Proposed Offering (assuming the Initial Stockholders do not purchase any Public Shares in the Proposed Offering and excluding the securities underlying the $ 15Private Warrants, the Private Units). On August 21, 2024, Company issued a dividend of approximately 0.066Founder Shares for every issued and outstanding founder share resulting in our initial stockholders holding an aggregate of 2,300,000founder shares, an increase of 143,750founder compared to 2,156,250initial Founder Shares issued. The Company intends to list the Units on the National Association of Securities Dealers Automated Quotations (“Nasdaq”). The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Offering and sale of the $ 15Private Warrants, and Private Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. Nasdaq rules provide that the Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding any deferred underwriting commissions and taxes payable on interest earned on the trust account). The Company will only complete a Business Combination if the post-Business Combination company owns or ac