Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 202

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 202
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 exercised), we may fund such excess with funds from the funds not to be held in the trust account. In such case, the amount
of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the event that the offering
expenses are less than our estimate of $1,108,500 (whether or not the underwriters overallotment option is exercised), the amount
of funds we intend to be held outside the trust account would increase by a corresponding amount.

Under Nevada law, a stockholder may be held liable for claims by third
parties against a corporation to the extent of distributions received by them in a dissolution or such stockholder’s pro rata share
of such claim, whichever is less.

The pro rata portion of our trust account distributed to our public
stockholders upon the redemption of our public shares in the event we do not complete our initial business combination within 24 months
from the closing of this offering (or such later date pursuant to an approved extension) may be considered a liquidating distribution
under Nevada law. We cannot assure you that we will properly assess all claims that may be potentially brought against us. As such, our
stockholders could potentially be liable for any claims to the extent of distributions received by them (but no more). Any action or
suit must be commenced within two years after the dissolution if the plaintiff could have known the underlying facts on or before the
dissolution, or within three years after the date of dissolution in all other cases.

Furthermore, if the pro rata portion of our trust account distributed
to our public stockholders upon the redemption of our public shares in the event we do not complete our initial business combination
within 24 months from the closing of this offering (or such later date pursuant to an approved extension) is not considered a liquidating
distribution under Nevada law and such redemption distribution is deemed to be unlawful (potentially due to the imposition of legal proceedings
that a party may bring or due to other circumstances that are currently unknown), then pursuant to Section 11.380 of the NRS, the
statute of limitations for claims of creditors against stockholders could be three years after the plaintiff could have known the underlying
facts.

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However, because we are a blank check company, rather than an operating
company, and our operations will be limited to searching for prospective target businesses to acquire, the only likely claims to arise
would be from our vendors