Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 150

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 150
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We are not currently required to maintain an effective system of internal
controls as defined by Section 404 of the Sarbanes-Oxley Act. We will be required to comply with the internal control requirements
of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2023. Only in the event that we are deemed to be a large accelerated
filer or an accelerated filer and no longer an emerging growth company would we be required to comply with the independent registered
public accounting firm attestation requirement.

Further, for as long as we remain an emerging growth company as defined
in the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements that are applicable to other public
companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered
public accounting firm attestation requirement.

Prior to the closing of this offering, we have not completed an assessment,
nor has our independent registered public accounting firm tested our systems, of internal controls. We expect to assess the internal
controls of our target business or businesses prior to the completion of our initial business combination and, if necessary, to implement
and test additional controls as we may determine are necessary in order to state that we maintain an effective system of internal controls.
A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy of internal controls.
Many small and mid-sized target businesses we may consider for our initial business combination may have internal controls that need
improvement in areas such as:

| ● | staffing for financial, accounting                             
 and external reporting areas, including segregation of duties; |

| ● | reconciliation of accounts; |

| ● | proper recording of expenses and                
 liabilities in the period to which they relate; |

| ● | evidence of internal review and      
 approval of accounting transactions; |

| ● | documentation of processes, assumptions               
 and conclusions underlying significant estimates; and |

| ● | documentation of accounting policies 
 and procedures.                      |

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Because it will take time, management involvement and perhaps outside
resources to determine what internal control improvements are necessary for us to meet regulatory requirements and market expectations
for our operation of a target business, we may incur significant expenses in meeting our public reporting responsibilities, particularly
in the areas of designing, enhancing, or remediating internal and disclosure controls. Doing so effectively may also take longer than
we expect, thus increasing our exposure to