Company: FGMCU
Filing Date: 2025-01-21
Form Type: S-1/A
Source: 0001104659-25-004764
Chunk: 47

Company: FG Merger II Corp.
Filing Date: 2025-01-21
Form: S-1/A
Chunk 47
---
 sponsor, members of our management team or their affiliates or other third parties, although they       
 are under no obligation to advance funds or invest in us, and provided that any such loans will not have any claim on the proceeds      
 held in the trust account unless such proceeds are released to us upon completion of our initial business combination. Up to $1,500,000 
 of such loans may be convertible into private units at a price of $10.00 per unit, at the option of the lender. The units would be      
 identical to the private units.                                                                                                         |

| Conditions                                     
 to completing our initial business combination |     | NASDAQ                                                                                                                                        
 rules require that we must consummate an initial business combination with one or more operating businesses or assets with a fair             
 market value equal to at least 80% of the net assets held in the trust account (net of amounts disbursed to management for working capital    
 purposes, if permitted. Our board of directors will make the determination as to the fair market value of our initial business combination.   
 Additionally, pursuant to NASDAQ rules, any initial business combination must be approved by a majority of our independent directors.         
 If our board of directors is not able to independently determine the fair market value of our initial business combination, we will obtain    
 an opinion from an independent investment banking firm which is a member of FINRA or a valuation or appraisal firm. While we consider         
 it unlikely that our board of directors will not be able to make an independent determination of the fair market value of our initial         
 business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if          
 there is a significant amount of uncertainty as to the value of the target’s assets or prospects. We will complete our initial                
 business combination only if the post-transaction company in which our public stockholders own shares will own or acquire 50% or more         
 of the outstanding voting securities of the target or is otherwise not required to register as an investment company under the Investment     
 Company Act. Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders       
 prior to our initial business combination may collectively own a minority interest in the post business combination company, depending        
 on valuations ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which      
 we issue a substantial number of new shares in exchange for all of the outstanding capital stock or shares of