Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 105

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 105
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 of directors and senior advisors, resulting in the
Sponsor holding 1,691,250 founder shares. On August 21, 2024, we issued a dividend of approximately 0.07 founder shares for every issued
and outstanding founder share, or an aggregate of 143,750 founder shares (the “Dividend Shares”), resulting in our initial
stockholders holding an aggregate of 2,300,000 founder shares. On August 21, 2024, our directors, officers and senior advisors transferred
31,000 Dividend Shares to the sponsor. On August 21, 2024, the sponsor transferred an aggregate of 150,000 founder shares to officers
of the Company, resulting in the sponsor holding 1,685,000 founder shares. On January [_], 2025, the sponsor, our directors, officers
and senior advisors transferred an aggregate of 200,000 founder shares to Fundamental Global Inc., resulting in the sponsor holding 1,540,000
founder shares and our directors, officers and senior advisors holding 560,000 founder shares in aggregate. In addition, on January [_],
2025, our sponsor transferred an aggregate of 75,000 founder shares to Ramnarain Joseph Jaigobind, resulting in our sponsor holding 1,465,000
founder shares. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by
the number of founder shares issued.

The number of founder shares outstanding was determined based on
the expectation that the total size of this offering would be a maximum of 9,200,000 units if the underwriters’ over-allotment
option is exercised in full, and therefore that such founder shares would represent 20% of the outstanding shares after this offering
(not including the shares of common stock underlying the Underwriter Units, the private units, the $15 Exercise Price Warrants or the
units issuable upon conversion of working capital loans). Up to 300,000 of the founder shares will be forfeited by the sponsor depending
on the extent to which the underwriters’ over-allotment is exercised. The founder shares will be worthless if we do not complete
an initial business combination. In addition, our sponsor (and/or its designees) has committed to purchase 1,000,000 $15 Exercise Price
Warrants that will also be worthless if we do not complete our initial business combination. In addition, our sponsor (and/or its design