Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 103

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 103
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 are not obligated to contribute any specific number of hours per week
to our affairs. Our independent directors also serve as officers and board members for other entities. Certain of our directors and officers
formed and are also actively engaged in Aldel Financial II Inc., a special purpose acquisition company that is currently searching for
a business combination, and may present additional conflicts of interest in pursuing an acquisition target and determining whether an
identified target is appropriate for us or Aldel Financial II Inc. If our executive officers’ and directors’ other business
affairs require them to devote substantial amounts of time to such affairs in excess of their current commitment levels, it could limit
their ability to devote time to our affairs which may have a negative impact on our ability to complete our initial business combination.
For a complete discussion of our executive officers’ and directors’ other business affairs, please see “Management — Officers and Directors.”

Our executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.

We have not adopted a policy that expressly prohibits our directors,
executive officers, security holders or affiliates from having a direct or indirect pecuniary or financial interest in any investment
to be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into a business
combination with a target business that is affiliated with our sponsor, our directors or executive officers, although we do not intend
to do so. Nor do we have a policy that expressly prohibits any such persons from engaging for their own account in business activities
of the types conducted by us. Accordingly, such persons or entities may have a conflict between their interests and ours.

The personal and financial interests of our directors and officers
may influence their motivation in timely identifying and selecting a target business and completing a business combination. Consequently,
our directors’ and officers’ discretion in identifying and selecting a suitable target business may result in a conflict
of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate and in our
stockholders’ best interest. If this were the case, it would be a breach of their fiduciary duties to us as a matter of Nevada
law and we or our stockholders might have a claim against such individuals for infringing on our stockholders’ rights. However,
we might not ultimately be successful in any claim we may make against them for such reason.

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We may engage in a business