Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 30

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 30
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 approved extension) to consummate our initial business combination. If we do not complete our initial
business combination within the completion window, while we do not currently intend to seek stockholder approval to amend our amended
and restated certificate of incorporation to extend the amount of time we will have to consummate an initial business combination, we
may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend
the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we are unable to
consummate our initial business combination within the applicable time period, we will, as promptly as possible but not more than ten
business days thereafter, redeem 100% of our outstanding public shares for a pro rata portion of the funds held in the trust account,
including a pro rata portion of any interest earned on the funds held in the trust account and not previously released to us (i) for
working capital purposes (but not to exceed $1,000,000 annually), and/or (ii) to pay our tax obligations, and then seek to dissolve and
liquidate. However, we may not be able to distribute such amounts as a result of claims of creditors which may take priority over the
claims of our public stockholders. In the event of our dissolution and liquidation, the rights included in the private units will expire
worthless.

NASDAQ rules require that we must consummate an initial business
combination with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in
the trust account (net of amounts disbursed to management for working capital purposes, if permitted). Our board of directors will make
the determination as to the fair market value of our initial business combination. Additionally, pursuant to NASDAQ rules, any initial
business combination must be approved by a majority of our independent directors.

If our board of directors is not able to independently determine the
fair market value of our initial business combination, we will obtain an opinion from an independent investment banking firm which is
a member of FINRA or a valuation or appraisal firm with respect to the satisfaction of such criteria. While we consider it unlikely that
our board of directors will not be able to make an independent determination of the fair market value of our initial business combination,
it may be unable to do so if it is less familiar or experienced with the business of a particular target