Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 306

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 306
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 approval in connection therewith) or a vote to amend the provisions of the amended
and restated articles of incorporation relating to stockholders’ rights of pre-Business Combination activity and (d) that
the Founder Shares, the Private Units and $15 (including underlying securities) shall not participate in any liquidating distributions
upon winding up if a Business Combination is not consummated. However, the Initial Stockholders will be entitled to liquidating distributions
from the Trust Account with respect to any Public Shares purchased during or after the Proposed Offering if the Company fails to complete
its Business Combination.

The Company will have until 24 months from the closing of the Proposed
Offering to complete a Business Combination. If the Company is unable to complete a Business Combination within the Combination Period,
the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but
no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest earned (net of funds withdrawn for working capital purposes
(not to exceed $1,000,000 annually) and taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number
of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including
the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors,
proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations
to provide for claims of creditors and the requirements of applicable law. There will be no redemption rights or liquidation distribution
with respect to the Company’s warrants, which will expire worthless if the Company fails to complete its initial Business Combination
within the Combination period.

<div align='center'>F-7</div>

The Sponsor has agreed that it will be liable to the Company, if
and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with
which the Company has discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below $10.10 per share,
except as to any claims by a third party who executed a