Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 242

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 242
---
our issued and outstanding common stock upon the consummation of this offering (not including the shares of common stock underlying the
Underwriter Units, the private units, or the units issuable upon conversion of working capital loans).

Our sponsor (and/or its designees) has committed, pursuant to a
written agreement, to purchase an aggregate of 1,000,000 $15 Exercise Price Warrants at $0.10 per $15 Exercise Price Warrant in a private
placement that will occur simultaneously with the closing of this offering. In addition, our sponsor (and/or its designees) and Ramnarain
Joseph Jaigobind have committed, pursuant to a written agreement, to purchase an aggregate of 223,300 private units and 25,000 private
units, respectively, at $10.00 per unit for an aggregate purchase price of $2,483,000. The private placement securities, including the
underlying shares of common stock, may not, subject to certain limited exceptions, be transferred, assigned or sold until 30 days after
the completion of our initial business combination.

On October 6, 2023, we issued a promissory note to the sponsor,
pursuant to which we may borrow up to an aggregate principal amount of $150,000. As of September, 30, 2024, there was $125,000 outstanding
under the promissory note. The promissory note are noninterest bearing and payable on the earlier of (i) the consummation of this
offering or (ii) the date on which we determine not to conduct this offering.

Our sponsor has agreed to loan us $417,000 at the closing of this
offering pursuant to an unsecured promissory note, the funds from which will be used to fund a portion of our working capital following
this offering. Such note will bear interest at the rate of 12% per year and will mature one year after it is issued.

We currently utilize office space at 104 S. Walnut Street, Unit 1A, Itasca, Illinois
60143 from our sponsor. Subsequent to the closing of this offering, we will pay our sponsor $15,000 per month for office space, secretarial
and administrative services provided to members of our management team. Upon completion of our initial business combination or our liquidation,
we will cease paying these monthly fees.

Except as otherwise disclosed in this prospectus, no compensation
of any kind, including