Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 48

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 48
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 a target. In this case,         
 we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares,       
 our stockholders immediately prior to our initial business combination could own less than a majority of our issued and outstanding shares    
 subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses        
 are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will      
 be taken into account for purposes of the 80% of net assets test described above, provided that in the event that the business                
 combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target      
 businesses and we will treat the target businesses together as our initial business combination for purposes of a seeking stockholder         
 approval or conducting a tender offer, as applicable.                                                                                         |
|                                                |     | If we are unable to complete our initial business combination within the completion                                                           
 window, or by such earlier liquidation date as our board of directors may approve, the founder shares, private units (and the underlying      
 securities) and the $15 Exercise Price Warrants (and the underlying securities) will be worthless, except to the extent they receive          
 liquidating distributions from assets outside the trust account. Additionally, we will repay up to $150,000 in loans made to us by our        
 sponsor to cover offering-related and organizational expenses and we will reimburse our sponsor an amount equal to $15,000 per month          
 for office space, administrative and support services made available to us, as described elsewhere in this prospectus. We will repay          
 any loans which may be made by our sponsor or an affiliate of our sponsor or certain of our directors and officers to finance transaction     
 costs in connection with an intended initial business combination; up to $1,500,000 of such loans may be convertible into private units       
 at a price of $10.00 per unit at the option of the lender. Upon consummation of this offering, we will also reimburse our sponsor, directors  
 or officers, or our or any of their respective affiliates for any out-of-pocket expenses related to identifying, investigating and completing 
 an initial business combination.                                                                                                              |

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| Permitted                                                      
 purchases of public shares and public rights by our affiliates |     | If we seek stockholder