Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 238

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 238
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 % |     |                                                            | 33.3 | % |
| Hassan R. Baqar     |     |                                                       | 40,000 | -2 |     |                                                       | 168,366 |     |                                                | 8,276 |     |                                                      | 333,333 |     |                                               | 11.65 | % |     |                                                            | 33.3 | % |
| D. Kyle Cerminara   |     |                                                       |      — | -3 |     |                                                       | 168,367 |     |                                                | 8,277 |     |                                                      | 333,333 |     |                                               |   9.4 | % |     |                                                            | 33.3 | % |

(1) Held indirectly through MSLR Holdings, LLC, an entity managed
by Larry G. Swets.
(2) Held indirectly through SF Investors II LLC, an enity managed by Hassan R. Baqar.
(3) Mssrs. Cerminara, Swets and Baqar are also investors in Fundamental Global, Inc. (NASDAQ: FGF), a public company that owns membership
interests in the Sponsor. In addition, our directors Scott D. Wollney and Richard E. Govignon are also directors of Fundamental Global,
Inc.

Transfers of Founder Shares and Private Placement Securities

The founder shares, private units, Underwriter Units, EarlyBird Units,
$15 Exercise Price Warrants and any shares of common stock issued upon conversion or exercise thereof are each subject to transfer restrictions
pursuant to lock-up provisions in the agreements entered into by our initial stockholders and management team. Those lock-up provisions
provide that such securities are not transferable or salable (i) in the case of the founder shares, (a) with respect to 50%
of the founder shares, the earlier of (x) twelve months after the date of the consummation of an initial business combination or
(y) the date on which the closing price of our common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock
dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial
business combination and (b) with respect to the remaining 50% of the founder shares, twelve months after the date of the consummation
of our initial business combination, provided, if we consummate a transaction after