Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 75

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 75
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 could potentially acquire with the
net proceeds of this offering and the sale of the private placement securities, our ability to compete with respect to the acquisition
of certain target businesses that are sizable will be limited by our available financial resources. This inherent competitive limitation
gives others an advantage in pursuing the acquisition of certain target businesses. Furthermore, we are obligated to offer holders of
our public shares the right to redeem their shares for cash at the time of our initial business combination in conjunction with a stockholder
vote or via a tender offer. Target companies will be aware that this may reduce the resources available to us for our initial business
combination. Any of these obligations may place us at a competitive disadvantage in successfully negotiating a business combination.
If we are unable to complete our initial business combination, our public stockholders may receive only their pro rataportion
of the funds in the trust account that are available for distribution to public stockholders, and our public rights will expire worthless.

The requirement that the target business or businesses that we acquire must collectively have a fair market value equal to at least 80% of the balance of the funds in the trust account (less any deferred underwriting commissions and taxes payable on interest earned and less any interest earned thereon that is released to us) at the time of the execution of a definitive agreement for our initial business combination may limit the type and number of companies that we may complete such a business combination with.

Pursuant to the NASDAQ listing rules, the target business or businesses
that we acquire must collectively have a fair market value equal to at least 80% of the balance of the funds in the trust account (excluding
any deferred underwriting discounts and commissions and taxes payable on the income earned on the trust account and less any interest
earned thereon that is released to us (i) for working capital purposes (but not to exceed $1,000,000 annually) and/or (ii) to pay our
tax obligations) at the time of the execution of a definitive agreement for our initial business combination. This restriction may limit
the type and number of companies with which we may complete a business combination. If we are unable to locate a target business or businesses
that satisfy this fair market value test, we may be forced to liquidate, and you will only be entitled to receive your pro rataportion
of the funds in the trust account. If NASDAQ delists our securities from trading on its exchange after this offering, we would not be
required to satisfy the fair market