Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 204

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 204
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 directors may be viewed as having breached its fiduciary duty to our creditors and/or may have acted in bad faith, and thereby
exposing itself and our company to claims of punitive damages, by paying public stockholders from the trust account prior to addressing
the claims of creditors. We cannot assure you that claims will not be brought against us for these reasons.

Our public stockholders will be entitled to receive funds from the
trust account only (i) in the event of the redemption of our public shares if we do not complete our initial business combination
within 24 months from the closing of this offering (or such later date pursuant to an approved extension), (ii) in connection with
a stockholder vote to amend our amended and restated articles of incorporation to modify the substance or timing of the ability of public
stockholders to seek redemption in connection with an initial business combination or our obligation to redeem 100% of our public shares
if we do not complete our initial business combination within 24 months from the closing of this offering (or such later date pursuant
to an approved extension) or with respect to any other material provisions relating to stockholders’ rights or pre-initial business
combination activity or (iii) if they redeem their respective shares for cash upon the completion of our initial business combination.
In no other circumstances will a stockholder have any right or interest of any kind to or in the trust account. In the event we seek
stockholder approval in connection with our initial business combination, a stockholder’s voting in connection with the business
combination alone will not result in a stockholder’s redeeming its shares to us for an applicable pro rata share of the trust account.
Such stockholder must have also exercised its redemption rights described above. These provisions of our amended and restated articles
of incorporation, like all provisions of our amended and restated articles of incorporation, may be amended with a stockholder vote.

Comparison of Redemption or Purchase Prices in Connection with Our Initial Business Combination and if We Fail to Complete Our Initial Business Combination.

The following table compares the redemptions and other permitted purchases
of public shares that may take place in connection with the completion of our initial business combination and if we are unable to complete
our initial business combination within 24 months from the closing of this offering (or such later date pursuant to an approved extension).

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|                                 |     | Redemptions in                                                                                                                              
 Connection with Our                                                                                                                         
 Initial Business                                                                                                                            
 Combination