Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 316

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 316
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 relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,
subjective, or complex judgments. We determined that there were no critical audit matters.

<div align='center'>F-2

FG Merger II Corp.

Balance Sheet

December 31, 2023</div>

| ASSETS                                                        
 Current assets                                                |     |   |         |   |
|:--------------------------------------------------------------|:----|:--|--------:|:--|
| Cash                                                          |     | $ |  56,248 |   |
| Deferred                                                      
 offering costs                                                |     |   | 114,670 |   |
| Total                                                         
 assets                                                        |     | $ | 170,918 |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                          |     |   |         |   |
| Current liabilities                                           |     |   |         |   |
| Accounts payable                                              |     | $ |   1,761 |   |
| Accrued offering costs                                        |     |   |  20,939 |   |
| Promissory note                                               |     |   | 125,000 |   |
| Total                                                         
 liabilities                                                   |     | $ | 147,700 |   |
| Stockholders’ equity                                          |     |   |         |   |
| Common stock, $0.0001 par value; 5,000,000 shares authorized; 
 2,156,250 issued and outstanding                              |     | $ |     216 |   |
| Additional paid in capital                                    |     | $ |  24,784 |   |
| Accumulated deficit                                           |     |   |  (1,782 | ) |
| Total                                                         
 stockholders’ equity                                          |     |   |  23,218 |   |
| Total                                                         
 liabilities and stockholders’ equity                          |     | $ | 170,918 |   |

<div align='center'>The accompanying notes are an integral part of
the financial statements

F-3

FG Merger II Corp.

Statement of Operations

For the period from September 20, 2023 (inception) to December 31, 2023</div>

| Formation costs                            |     | $ |     1,645 |   |
| General and administrative expenses        |     |   |       137 |   |
| Net loss                                   |     | $ |    (1,782 | ) |
|