Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 147

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 147
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 on the amount in the trust account will be sufficient to pay our
income taxes. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial business combination,
the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or
businesses, make other acquisitions and pursue our growth strategies.

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Prior to the completion of our initial business combination, we
will have available to us the approximately $341,500 (or $221,500 if over-allotment option is exercised in full) of proceeds held outside
the trust account. We will use these funds, and the amount we are permitted to withdraw annually for working capital purposes (not to
exceed $1,000,000) from interest earned on the funds held in the trust account, to primarily identify and evaluate target businesses,
perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective
target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses,
and structure, negotiate and complete a business combination.

We do not believe we will need to raise additional funds following
this offering in order to meet the expenditures required for operating our business prior to our initial business combination. However,
if our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business
combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior
to our initial business combination. In order to fund working capital deficiencies or finance transaction costs in connection with an
intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are
not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay such loaned amounts.
In the event that our initial business combination does not close, we may use a portion of the working capital held outside the trust
account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such
loans may be convertible into units at a price of $10.00 per unit at the option of the lender. The units would be identical to the private
units. The terms of such loans, if any, have not been determined and no written agreements exist with respect