Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 275

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 275
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 each investor
to consult his or her tax advisor regarding the determination of value for these purposes. The price allocated to each share of common
stock and the right should be the stockholder’s tax basis in such share or right, as the case may be. Any disposition of a unit
should be treated for U.S. federal income tax purposes as a disposition of the share of common stock and the right comprising the unit,
and the amount realized on the disposition should be allocated between the common stock and the right based on their respective relative
fair market values (as determined by each such unit holder based on all the relevant facts and circumstances) at the time of disposition.
The separation of shares of common stock and rights comprising units should not be a taxable event for U.S. federal income tax purposes.

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The foregoing U.S. federal income tax treatment
of the shares of common stock and rights and a holder’s purchase price allocation are not binding on the IRS or the courts. Because
there are no authorities that directly address instruments that are similar to the units, no assurance can be given that the IRS or the
courts will agree with the characterization described above or the discussion below. Accordingly, each prospective investor is urged
to consult its own tax advisors regarding the tax consequences of an investment in a unit (including alternative characterizations of
a unit). The balance of this discussion assumes that the characterization of the units described above is respected for U.S. federal
income tax purposes.

U.S. Holders

This section applies to you if you are a “U.S.
holder.” A U.S. holder is a beneficial owner of our units, shares of common stock or rights who or that is, for U.S. federal income
tax purposes:

| · | an individual citizen or resident of the United States; |

| · | a corporation (or other entity treated as a corporation                                                                      
 for United States federal income tax purposes) that is created or organized (or treated as created or organized) in or under 
 the laws of the United States, any state thereof or the District of Columbia;                                                |

| · | an estate the income of which is subject to United States 
 federal income taxation regardless of its source; or      |

| · | a trust if (A) a court within the United States                                                                              
 is able to exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority 
 to control all substantial decisions of the trust, or (B