Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 86

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 86
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 change our operations or wind down our operations. In which case, our investors would not be able to realize
the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities
following such a transaction, and our rights would expire worthless.

If we were deemed to be an investment company for purposes of the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted funds and may hinder our ability to complete a business combination. We may also be forced to abandon our efforts to complete an initial business combination and instead be required to liquidate the trust account. If we are required to liquidate the trust account, our investors would not be able to realize the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities following such a transaction, and our rights would expire worthless. On the liquidation of our trust account, our public stockholders may receive only approximately $10.10 per share (or $10.087 per share if the underwriters exercise their over-allotment option in full), or less in certain circumstances, and our rights will expire worthless. Changes in laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.

We are subject to rules and regulations enacted by various national,
regional and local governing bodies, including for example, the SEC, and to new and evolving regulatory measures under applicable law.
Compliance with, and monitoring of, applicable laws and regulations may be difficult, time consuming and costly and our efforts to comply
with such new and evolving laws and regulations have resulted in and are likely to continue to result in, increased general and administrative
expenses and a diversion of management time and attention, In addition, these changes could have a material adverse effect on our
business, investments and results of operations.

On January 24, 2024, the SEC adopted a series of new rules, effective
as of July 1, 2024, relating to SPACs (the “SPAC Rules”) requiring, among other items, (i) additional disclosures relating
to SPAC business combination transactions; (ii) additional disclosures relating to dilution and to conflicts of interest involving
sponsors and their affiliates in both SPAC initial public offerings and de-SPAC transactions; (iii) the use of projections