Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 231

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 231
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 remaining 50% of the founder shares, twelve months after              
 the date of the consummation of our initial business combination. In addition, we could agree to permit the holders of our founder        
 shares to transfer shares or agree to cancel such securities. Although no such transfers or cancellations are contemplated, we could      
 agree to permit such transfer or cancellation to facilitate the closing of a business combination. Any permitted transferees will         
 be subject to the same restrictions and other agreements of our initial stockholders with respect to any founder shares. We refer         
 to such transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing, if we consummate a transaction    
 after our initial business combination which results in our stockholders having the right to exchange their shares for cash, securities   
 or other property, the founder shares will be released from the lock-up. Subject to certain limited exceptions, the $15 Exercise          
 Price Warrants will not be transferable until 30 days following the completion of our initial business combination. Because each          
 of our executive officers and directors will own common stock, rights or warrants directly or indirectly, they may have a conflict        
 of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business  
 combination.                                                                                                                              |

| · | Our key personnel may negotiate employment or consulting                                                                         
 agreements with a target business in connection with a particular business combination. These agreements may provide for them to 
 receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in 
 determining whether to proceed with a particular business combination.                                                           |

| · | Our officers and directors may have a conflict of interest                                                                          
 with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was 
 included by a target business as a condition to any agreement with respect to our initial business combination.                     |

In the event our sponsor or members of our management team provide
loans to us to finance transaction costs and/or incur expenses on our behalf in connection with an initial business combination, such
persons may have a conflict of interest in determining whether a particular target business is an appropriate business with which to
effectuate our initial business combination as such loans may not be repaid and/or such expenses may not be reimbursed unless we consummate
such business combination.

Similarly, if we agree to pay our sponsor or a member of our management
team a finder’s fee, advisory fee, consulting fee or success fee in order to effectuate