Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 117

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 117
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US’s jurisdiction, we may determine that we are required to make a mandatory filing or that
we will submit a voluntary notice to CFIUS, or to proceed with the initial business combination without notifying CFIUS and risk CFIUS
intervention, before or after closing the initial business combination. CFIUS may decide to block or delay our initial business combination,
impose conditions to mitigate national security concerns with respect to such initial business combination or order us to divest all
or a portion of a U.S. business of the combined company without first obtaining CFIUS clearance, which may limit the attractiveness of
or prevent us from pursuing certain initial business combination opportunities that we believe would otherwise be beneficial to us and
our stockholders. As a result, the pool of potential targets with which we could complete an initial business combination may be limited
and we may be adversely affected in terms of competing with other special purpose acquisition companies which do not have similar foreign
ownership issues.

Moreover, the process of government review, whether by the CFIUS or
otherwise, could be lengthy and we have limited time to complete our initial business combination. If we cannot complete our initial
business combination by the time specified in our amended and restated articles of incorporation because the review process drags on
beyond such timeframe or because our initial business combination is ultimately prohibited by CFIUS or another U.S. government entity,
we may be required to liquidate. If we liquidate, our public stockholders may only receive an amount per share that will be determined
by when we liquidate, and our rights will expire worthless. This will also cause you to lose the investment opportunity in a target company
and the chance of realizing future gains on your investment through any price appreciation in the combined company.

The Excise Tax included in the Inflation Reduction Act of 2022 may decrease the value of our securities following our initial business combination and hinder our ability to consummate an initial business combination and decrease the amount of funds available for distribution in connection with a liquidation.

The Inflation Reduction Act of 2022, which, among other things, imposes
a 1% U.S. federal excise tax on certain repurchases (including redemptions) of stock by publicly traded U.S. corporations after December
31, 2022 (the “Excise Tax”), subject to certain exceptions. If applicable, the amount of the Excise Tax is generally 1% of
the aggregate fair market value of any stock repurchased