Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 313

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 313
---
 share per each Public Right. The Company will have 800,000 or (920,000 Public Rights if the underwriters’
over-allotment option is exercised in full).

<div align='center'>F-11</div>

Warrants– The $15 Private Warrants will entitle
the holder to purchase one common share at an exercise price of $15.00 per each share, will be exercisable for a period of 10 years from
the date of Business Combination, will be non-redeemable, and may be exercised on a cashless basis. Additionally, $15 Private Warrants
and the shares issuable upon the exercise of the $15 Private Warrants will not be transferable, assignable or salable until after the
completion of a Business Combination, subject to certain limited exceptions. The Company will have 1,000,000 $15 Private Warrant outstanding
at the close of proposed offering.

The exercise price and number of ordinary shares issuable upon exercise
of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization,
reorganization, merger or consolidation. However, except as described above, the warrants will not be adjusted for issuances of common
stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If
the Company is unable to complete a Business Combination within the Combination Period , the $15 Private Warrants may expire worthless.

NOTE 8. SUBSEQUENT EVENTS

In January 2025, the Company made changes to its Proposed Offering. Each Public Rights and Private Unit Rights holder will have the right to receive one-tenth share of common stock instead of one-twentieth share of common stock as originally proposed.

The Company intends to put an additional $0.10 per share in the
Trust Account at closing of the Proposed Offering. The total amount of proceeds in the Trust Account will be $80,800,000 ($10.10 per
share), or $92,800,000 ($10.087 per share) if the underwriters’ over-allotment option is exercised in full.

The Sponsor had originally agreed to purchase 190,000 Private Units
at a price of $10.00 per Private Unit from the Company in a private placement that will occur simultaneously with the closing of the
Proposed Offering. This has been revised to 248,300 Private Units at a price of $10.00 per Private Unit