Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 54

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 54
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 any redemptions without the need for further communication or action from the redeeming public stockholders, which could delay redemptions and result in additional administrative cost. If the proposed initial business combination is not approved and we continue to search for a target company, we will promptly return any certificates or shares delivered by public stockholders who elected to redeem their shares. Our proposed initial business combination may impose a minimum cash requirement for: (i) cash consideration to be paid to the target or its owners, (ii) cash for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions. In the event the aggregate cash consideration we would be required to pay for all shares of common stock that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial business combination or redeem any shares in connection with such initial business combination, and all shares of common stock submitted for redemption will be returned to the holders thereof. We may, however, raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into following consummation of this offering, in order to, among other reasons, satisfy such minimum cash requirements.

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| Limitation                                                                                                               
 on redemption rights of stockholders holding 15% or more of the shares sold in this offering if we hold stockholder vote |     | Notwithstanding the foregoing redemption rights, if we seek stockholder                                                                 
 approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination      
 pursuant to the tender offer rules, our amended and restated articles of incorporation provide that a public stockholder, together      
 with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group”              
 (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate  
 of 15% of the shares sold in this offering, without our prior consent. We believe the restriction described above will discourage       
 stockholders from accumulating large blocks of shares, and subsequent attempts by such holders to use their ability to redeem their     
 shares as a means to force us or our management to purchase their shares at a significant premium to the then-current