Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 29

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 29
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 our initial business combination
with a target business that does not meet these criteria and guidelines. We intend to seek to acquire companies within industries that
exhibit strong characteristics including, but not limited to, the following:

| ● | Public market-ready 
 scale;              |

| ● | Strong management 
 team;             |

| ● | Recurring revenues; |

| ● | High barrier to 
 entry;          |

| ● | Long-term organic 
 growth;           |

| ● | Consolidation opportunities 
 to scale;                   |

| ● | Attractive competitive 
 dynamics;              |

| ● | Differentiated            
 products or services; and |

| ● | Strong cash flow 
 conversion.      |

These criteria are not intended to be exhaustive. Any evaluation relating
to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines as well
as other considerations, factors and criteria that our management team may deem relevant. In the event that we decide to enter into our
initial business combination with a target business that does not meet the above criteria and guidelines, we will disclose that the target
business does not meet the above criteria in our stockholder communications related to our initial business combination, which, as discussed
in this prospectus, would be in the form of proxy solicitation materials or tender offer documents, as applicable, that we would file
with the SEC. In evaluating a prospective target business, we expect to conduct a due diligence review which may encompass, among other
things, meetings with incumbent management and employees, document reviews, interviews of customers and suppliers, inspections of facilities,
as well as reviewing financial and other information which will be made available to us.

The time required to select and evaluate a target business and to
structure and complete our initial business combination, and the costs associated with this process, are not currently ascertainable
with any degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation with, a prospective
target business with which our initial business combination is not ultimately completed will result in our incurring losses and will
reduce the funds we can use to complete another business combination. The company will not pay any consulting fees to members of our
management team, or any of their respective affiliates, for services rendered to or in connection with our initial business combination.

<div align='center'>9

INITIAL BUSINESS COMBINATION</div>

We will have until 24 months from the closing of this offering (or
such later date pursuant to an