Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 81

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 81
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10 per public 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, less taxes payable, provided thatsuch liability will not apply to
any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the trust
account (whether or not such waiver is enforceable) nor will it apply to any claims under our indemnity of the underwriters of this offering
against certain liabilities, including liabilities under the Securities Act. However, we have not asked our sponsor to reserve for such
indemnification obligations, nor have we independently verified whether our sponsor has sufficient funds to satisfy its indemnity obligations
and we believe that our sponsor’s only assets are securities of our company. Therefore, we cannot assure you that our sponsor would
be able to satisfy those obligations.

As a result, if any such claims were successfully made against
the trust account, the funds available for our initial business combination and redemptions could be reduced to less than $10.10 per
public share (or $10.087 per share if the underwriters exercise their over-allotment option in full). In such event, we may not be able
to complete our initial business combination, and you would receive such lesser amount per share in connection with any redemption of
your public shares. None of our officers or directors will indemnify us for claims by third parties including, without limitation, claims
by vendors and prospective target businesses.

Our directors may decide not to enforce the indemnification obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to our public stockholders.

In the event that the proceeds in the trust account are reduced
below the lesser of (i) $10.10 per share (or $10.087 per share if the underwriters exercise their over-allotment option in full)
and (ii) the actual amount per public share held in the trust account as of the date of the liquidation of the trust account if
less than $10.10 per public 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 obligations
or that it has no indemnification obligations related to a particular claim,