Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 68

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 68
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 combination activity, and (c) the redemption of all of the FGMC Public Shares if FGMC is unable to complete its initial business combination by January 30, 2027or during any Extension Period, subject to applicable law. |

Upon consummation of the Business Combination, the funds deposited in the Trust Account will be released to pay holders of FGMC Public Shares who properly exercise their redemption rights; to pay transaction fees and expenses associated with the Business Combination; and for working capital and general corporate purposes of the Combined Company following the Business Combination.

| Q: | What happens if a substantial number of the public stockholders vote in favor of the Business Combination Proposal and exercise their redemption rights? |

| A. | FGMC’s public stockholders are not required to vote in respect of the Business Combination in order to exercise their redemption rights. Accordingly, the Business Combination may be consummated even though the funds available from the Trust Account and the number of FGMC public stockholders are reduced as a result of redemptions by FGMC public stockholders. |

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As a result of redemptions, the Combined Company may not be able to meet the listing standards of the Nasdaq. Additionally, with fewer funds available from the Trust Account, the capital infusion from the Trust Account into the Combined Company will be reduced and the Combined Company may not be able to achieve its business plan and may require additional financing sooner than currently anticipated. The table below presents the Trust Account value per share of redeemable FGMC Common Stock to a FGMC public stockholder that elects not to redeem its shares under three redemption scenarios:

| (In thousands, except for per share amounts)                        | ​ ​ ​ | No Redemption 
 Scenario      |           |        |   | ​ ​ ​ | 50%                 
 Redemption Scenario |           |        |   | ​ ​ ​ | Maximum             
 Redemption Scenario |           |        |   |
|:--------------------------------------------------------------------|:------|:--------------|----------:|:-------|:--|:------|:--------------------|----------:|:-------|:--|:------|:--------------------|----------:|:-------|:--|
| Redemptions ($ in millions)                                         | ​ ​ ​ | $             |      0.00 | ​ ​ ​  | ​ | ​ ​ ​ | $                   |     40.95 | ​ ​ ​  | ​ | ​ ​ ​ | $                   |      81.9 | ​ ​ ​  | ​ |
| Redemptions